id	sid	tid	token	lemma	pos
easat-9654	1	1	edelweiss	edelweiss	PROPN
easat-9654	1	2	applied	apply	VERB
easat-9654	1	3	science	science	NOUN
easat-9654	1	4	and	and	CCONJ
easat-9654	1	5	technology	technology	NOUN
easat-9654	1	6	issn	issn	PROPN
easat-9654	1	7	:	:	PUNCT
easat-9654	1	8	2576	2576	NUM
easat-9654	1	9	-	-	SYM
easat-9654	1	10	8484	8484	NUM
easat-9654	1	11	vol	vol	NOUN
easat-9654	1	12	.	.	PROPN
easat-9654	2	1	9	9	NUM
easat-9654	2	2	,	,	PUNCT
easat-9654	2	3	no	no	INTJ
easat-9654	2	4	.	.	NOUN
easat-9654	2	5	8	8	NUM
easat-9654	2	6	,	,	PUNCT
easat-9654	2	7	1558	1558	NUM
easat-9654	2	8	-	-	SYM
easat-9654	2	9	1579	1579	NUM
easat-9654	2	10	2025	2025	NUM
easat-9654	2	11	publisher	publisher	NOUN
easat-9654	2	12	:	:	PUNCT
easat-9654	2	13	learning	learn	VERB
easat-9654	2	14	gate	gate	NOUN
easat-9654	2	15	doi	doi	PROPN
easat-9654	2	16	:	:	PUNCT
easat-9654	2	17	10.55214/2576	10.55214/2576	NUM
easat-9654	2	18	-	-	PUNCT
easat-9654	2	19	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	2	20	©	©	PROPN
easat-9654	2	21	2025	2025	NUM
easat-9654	2	22	by	by	ADP
easat-9654	2	23	the	the	DET
easat-9654	2	24	authors	author	NOUN
easat-9654	2	25	;	;	PUNCT
easat-9654	2	26	licensee	licensee	PROPN
easat-9654	2	27	learning	learning	NOUN
easat-9654	2	28	gate	gate	NOUN
easat-9654	3	1	©	©	PROPN
easat-9654	3	2	2025	2025	NUM
easat-9654	3	3	by	by	ADP
easat-9654	3	4	the	the	DET
easat-9654	3	5	authors	author	NOUN
easat-9654	3	6	;	;	PUNCT
easat-9654	3	7	licensee	licensee	PROPN
easat-9654	3	8	learning	learning	NOUN
easat-9654	3	9	gate	gate	NOUN
easat-9654	3	10	history	history	NOUN
easat-9654	3	11	:	:	PUNCT
easat-9654	3	12	received	receive	VERB
easat-9654	3	13	:	:	PUNCT
easat-9654	3	14	13	13	NUM
easat-9654	3	15	june	june	PROPN
easat-9654	3	16	2025	2025	NUM
easat-9654	3	17	;	;	PUNCT
easat-9654	3	18	revised	revise	VERB
easat-9654	3	19	:	:	PUNCT
easat-9654	3	20	1	1	NUM
easat-9654	3	21	august	august	PROPN
easat-9654	3	22	2025	2025	NUM
easat-9654	3	23	;	;	PUNCT
easat-9654	3	24	accepted	accept	VERB
easat-9654	3	25	:	:	PUNCT
easat-9654	3	26	4	4	NUM
easat-9654	3	27	august	august	PROPN
easat-9654	3	28	2025	2025	NUM
easat-9654	3	29	;	;	PUNCT
easat-9654	3	30	published	publish	VERB
easat-9654	3	31	:	:	PUNCT
easat-9654	4	1	26	26	NUM
easat-9654	4	2	august	august	PROPN
easat-9654	4	3	2025	2025	NUM
easat-9654	4	4	*	*	PUNCT
easat-9654	4	5	correspondence	correspondence	NOUN
easat-9654	4	6	:	:	PUNCT
easat-9654	4	7	p112854@siswa.ukm.edu.my	p112854@siswa.ukm.edu.my	NOUN
easat-9654	4	8	challenges	challenge	NOUN
easat-9654	4	9	and	and	CCONJ
easat-9654	4	10	strategies	strategy	NOUN
easat-9654	4	11	for	for	ADP
easat-9654	4	12	chinese	chinese	ADJ
easat-9654	4	13	fintech	fintech	NOUN
easat-9654	4	14	firms	firm	NOUN
easat-9654	4	15	compliance	compliance	NOUN
easat-9654	4	16	operations	operation	NOUN
easat-9654	4	17	in	in	ADP
easat-9654	4	18	indonesia	indonesia	PROPN
easat-9654	4	19	:	:	PUNCT
easat-9654	4	20	case	case	NOUN
easat-9654	4	21	studies	study	NOUN
easat-9654	4	22	and	and	CCONJ
easat-9654	4	23	regional	regional	ADJ
easat-9654	4	24	comparative	comparative	ADJ
easat-9654	4	25	analysis	analysis	NOUN
easat-9654	4	26	wang	wang	PROPN
easat-9654	4	27	tengfei1	tengfei1	PROPN
easat-9654	5	1	*	*	PROPN
easat-9654	5	2	,	,	PUNCT
easat-9654	5	3	hazlina	hazlina	PROPN
easat-9654	5	4	binti	binti	PROPN
easat-9654	5	5	shaik	shaik	PROPN
easat-9654	5	6	md	md	PROPN
easat-9654	5	7	noor	noor	PROPN
easat-9654	5	8	alam2	alam2	PROPN
easat-9654	6	1	1,2faculty	1,2faculty	NUM
easat-9654	6	2	of	of	ADP
easat-9654	6	3	law	law	NOUN
easat-9654	6	4	,	,	PUNCT
easat-9654	6	5	national	national	PROPN
easat-9654	6	6	university	university	PROPN
easat-9654	6	7	of	of	ADP
easat-9654	6	8	malaysia	malaysia	PROPN
easat-9654	6	9	,	,	PUNCT
easat-9654	6	10	malaysia	malaysia	PROPN
easat-9654	6	11	;	;	PUNCT
easat-9654	6	12	p112854@siswa.ukm.edu.my	p112854@siswa.ukm.edu.my	NOUN
easat-9654	6	13	(	(	PUNCT
easat-9654	6	14	w.t	w.t	PROPN
easat-9654	6	15	.	.	PUNCT
easat-9654	6	16	)	)	PUNCT
easat-9654	6	17	.	.	PUNCT
easat-9654	7	1	abstract	abstract	ADV
easat-9654	7	2	:	:	PUNCT
easat-9654	7	3	this	this	DET
easat-9654	7	4	study	study	NOUN
easat-9654	7	5	dissects	dissect	VERB
easat-9654	7	6	the	the	DET
easat-9654	7	7	compliance	compliance	NOUN
easat-9654	7	8	pain	pain	NOUN
easat-9654	7	9	points	point	NOUN
easat-9654	7	10	facing	face	VERB
easat-9654	7	11	chinese	chinese	ADJ
easat-9654	7	12	fintech	fintech	NOUN
easat-9654	7	13	firms	firm	NOUN
easat-9654	7	14	in	in	ADP
easat-9654	7	15	indonesia	indonesia	PROPN
easat-9654	7	16	and	and	CCONJ
easat-9654	7	17	offers	offer	VERB
easat-9654	7	18	actionable	actionable	ADJ
easat-9654	7	19	guidance	guidance	NOUN
easat-9654	7	20	for	for	ADP
easat-9654	7	21	overseas	overseas	ADJ
easat-9654	7	22	expansion	expansion	NOUN
easat-9654	7	23	.	.	PUNCT
easat-9654	8	1	design	design	NOUN
easat-9654	8	2	/	/	SYM
easat-9654	8	3	methodology	methodology	NOUN
easat-9654	8	4	:	:	PUNCT
easat-9654	8	5	using	use	VERB
easat-9654	8	6	a	a	DET
easat-9654	8	7	three	three	NUM
easat-9654	8	8	-	-	PUNCT
easat-9654	8	9	step	step	NOUN
easat-9654	8	10	framework	framework	NOUN
easat-9654	8	11	—	—	PUNCT
easat-9654	8	12	regulatory	regulatory	ADJ
easat-9654	8	13	mapping	mapping	NOUN
easat-9654	8	14	,	,	PUNCT
easat-9654	8	15	regional	regional	ADJ
easat-9654	8	16	comparison	comparison	NOUN
easat-9654	8	17	(	(	PUNCT
easat-9654	8	18	china	china	PROPN
easat-9654	8	19	–	–	PUNCT
easat-9654	8	20	singapore	singapore	PROPN
easat-9654	8	21	–	–	PUNCT
easat-9654	8	22	malaysia	malaysia	PROPN
easat-9654	8	23	)	)	PUNCT
easat-9654	8	24	,	,	PUNCT
easat-9654	8	25	and	and	CCONJ
easat-9654	8	26	corporate	corporate	ADJ
easat-9654	8	27	case	case	NOUN
easat-9654	8	28	analysis	analysis	NOUN
easat-9654	8	29	(	(	PUNCT
easat-9654	8	30	akulaku	akulaku	PROPN
easat-9654	8	31	,	,	PUNCT
easat-9654	8	32	dana	dana	PROPN
easat-9654	8	33	,	,	PUNCT
easat-9654	8	34	adakami	adakami	ADJ
easat-9654	8	35	,	,	PUNCT
easat-9654	8	36	kredivo	kredivo	NOUN
easat-9654	8	37	;	;	PUNCT
easat-9654	8	38	rupiahplus)—the	rupiahplus)—the	DET
easat-9654	8	39	paper	paper	NOUN
easat-9654	8	40	evaluates	evaluate	VERB
easat-9654	8	41	barriers	barrier	NOUN
easat-9654	8	42	and	and	CCONJ
easat-9654	8	43	countermeasures	countermeasure	NOUN
easat-9654	8	44	.	.	PUNCT
easat-9654	9	1	findings	finding	NOUN
easat-9654	9	2	:	:	PUNCT
easat-9654	9	3	indonesia	indonesia	PROPN
easat-9654	9	4	’s	’s	PART
easat-9654	9	5	regime	regime	NOUN
easat-9654	9	6	has	have	AUX
easat-9654	9	7	tightened	tighten	VERB
easat-9654	9	8	and	and	CCONJ
easat-9654	9	9	diversified	diversified	ADJ
easat-9654	9	10	:	:	PUNCT
easat-9654	9	11	the	the	DET
easat-9654	9	12	2022	2022	NUM
easat-9654	9	13	personal	personal	ADJ
easat-9654	9	14	data	datum	NOUN
easat-9654	9	15	protection	protection	NOUN
easat-9654	9	16	law	law	NOUN
easat-9654	9	17	(	(	PUNCT
easat-9654	9	18	pdp	pdp	PROPN
easat-9654	9	19	law	law	NOUN
easat-9654	9	20	)	)	PUNCT
easat-9654	9	21	introduces	introduce	VERB
easat-9654	9	22	extraterritoriality	extraterritoriality	NOUN
easat-9654	9	23	,	,	PUNCT
easat-9654	9	24	data	data	NOUN
easat-9654	9	25	minimization	minimization	NOUN
easat-9654	9	26	,	,	PUNCT
easat-9654	9	27	72	72	NUM
easat-9654	9	28	-	-	PUNCT
easat-9654	9	29	hour	hour	NOUN
easat-9654	9	30	breach	breach	NOUN
easat-9654	9	31	notice	notice	NOUN
easat-9654	9	32	,	,	PUNCT
easat-9654	9	33	and	and	CCONJ
easat-9654	9	34	“	"	PUNCT
easat-9654	9	35	equivalent	equivalent	ADJ
easat-9654	9	36	protection	protection	NOUN
easat-9654	9	37	”	"	PUNCT
easat-9654	9	38	for	for	ADP
easat-9654	9	39	cross	cross	ADJ
easat-9654	9	40	-	-	ADJ
easat-9654	9	41	border	border	ADJ
easat-9654	9	42	transfers	transfer	NOUN
easat-9654	9	43	,	,	PUNCT
easat-9654	9	44	raising	raise	VERB
easat-9654	9	45	data	data	NOUN
easat-9654	9	46	-	-	PUNCT
easat-9654	9	47	compliance	compliance	NOUN
easat-9654	9	48	costs	cost	NOUN
easat-9654	9	49	;	;	PUNCT
easat-9654	9	50	the	the	DET
easat-9654	9	51	2023	2023	NUM
easat-9654	9	52	p2sk	p2sk	NOUN
easat-9654	9	53	law	law	NOUN
easat-9654	9	54	moves	move	VERB
easat-9654	9	55	crypto	crypto	VERB
easat-9654	9	56	oversight	oversight	NOUN
easat-9654	9	57	from	from	ADP
easat-9654	9	58	bappebti	bappebti	NOUN
easat-9654	9	59	to	to	ADP
easat-9654	9	60	ojk	ojk	NOUN
easat-9654	9	61	from	from	ADP
easat-9654	9	62	2025	2025	NUM
easat-9654	9	63	;	;	PUNCT
easat-9654	9	64	pojk	pojk	PROPN
easat-9654	9	65	no	no	NOUN
easat-9654	9	66	.	.	PUNCT
easat-9654	10	1	40/2024	40/2024	NOUN
easat-9654	10	2	eases	ease	VERB
easat-9654	10	3	foreign	foreign	ADJ
easat-9654	10	4	equity	equity	NOUN
easat-9654	10	5	caps	cap	NOUN
easat-9654	10	6	while	while	SCONJ
easat-9654	10	7	increasing	increase	VERB
easat-9654	10	8	capital	capital	NOUN
easat-9654	10	9	/	/	SYM
easat-9654	10	10	disclosure	disclosure	NOUN
easat-9654	10	11	requirements	requirement	NOUN
easat-9654	10	12	and	and	CCONJ
easat-9654	10	13	banning	ban	VERB
easat-9654	10	14	aggressive	aggressive	ADJ
easat-9654	10	15	collections	collection	NOUN
easat-9654	10	16	.	.	PUNCT
easat-9654	11	1	a	a	DET
easat-9654	11	2	dual	dual	ADJ
easat-9654	11	3	-	-	PUNCT
easat-9654	11	4	track	track	NOUN
easat-9654	11	5	bi	bi	NOUN
easat-9654	11	6	–	–	PUNCT
easat-9654	11	7	ojk	ojk	ADJ
easat-9654	11	8	structure	structure	NOUN
easat-9654	11	9	,	,	PUNCT
easat-9654	11	10	kominfo	kominfo	VERB
easat-9654	11	11	oversight	oversight	NOUN
easat-9654	11	12	,	,	PUNCT
easat-9654	11	13	and	and	CCONJ
easat-9654	11	14	local	local	ADJ
easat-9654	11	15	autonomy	autonomy	NOUN
easat-9654	11	16	create	create	VERB
easat-9654	11	17	fragmented	fragmented	ADJ
easat-9654	11	18	standards	standard	NOUN
easat-9654	11	19	and	and	CCONJ
easat-9654	11	20	heavier	heavy	ADJ
easat-9654	11	21	reporting	reporting	NOUN
easat-9654	11	22	/	/	SYM
easat-9654	11	23	enforcement	enforcement	NOUN
easat-9654	11	24	burdens	burden	NOUN
easat-9654	11	25	.	.	PUNCT
easat-9654	12	1	conclusion	conclusion	NOUN
easat-9654	12	2	:	:	PUNCT
easat-9654	12	3	china	china	PROPN
easat-9654	12	4	’s	’s	PART
easat-9654	12	5	internet	internet	NOUN
easat-9654	12	6	-	-	PUNCT
easat-9654	12	7	finance	finance	NOUN
easat-9654	12	8	model	model	NOUN
easat-9654	12	9	is	be	AUX
easat-9654	12	10	not	not	PART
easat-9654	12	11	directly	directly	ADV
easat-9654	12	12	transferrable	transferrable	ADJ
easat-9654	12	13	to	to	ADP
easat-9654	12	14	indonesia	indonesia	PROPN
easat-9654	12	15	.	.	PUNCT
easat-9654	13	1	practical	practical	ADJ
easat-9654	13	2	implications	implication	NOUN
easat-9654	13	3	:	:	PUNCT
easat-9654	13	4	firms	firm	NOUN
easat-9654	13	5	should	should	AUX
easat-9654	13	6	build	build	VERB
easat-9654	13	7	a	a	DET
easat-9654	13	8	dual	dual	ADJ
easat-9654	13	9	adaptation	adaptation	NOUN
easat-9654	13	10	framework	framework	NOUN
easat-9654	13	11	—	—	PUNCT
easat-9654	13	12	institutionally	institutionally	ADV
easat-9654	13	13	,	,	PUNCT
easat-9654	13	14	dynamic	dynamic	ADJ
easat-9654	13	15	regulatory	regulatory	ADJ
easat-9654	13	16	mapping	mapping	NOUN
easat-9654	13	17	and	and	CCONJ
easat-9654	13	18	localized	localized	ADJ
easat-9654	13	19	data	data	NOUN
easat-9654	13	20	-	-	PUNCT
easat-9654	13	21	governance	governance	NOUN
easat-9654	13	22	plans	plan	NOUN
easat-9654	13	23	;	;	PUNCT
easat-9654	13	24	culturally	culturally	ADV
easat-9654	13	25	,	,	PUNCT
easat-9654	13	26	product	product	NOUN
easat-9654	13	27	and	and	CCONJ
easat-9654	13	28	process	process	NOUN
easat-9654	13	29	designs	design	NOUN
easat-9654	13	30	compatible	compatible	ADJ
easat-9654	13	31	with	with	ADP
easat-9654	13	32	religious	religious	ADJ
easat-9654	13	33	-	-	PUNCT
easat-9654	13	34	legal	legal	ADJ
easat-9654	13	35	norms	norm	NOUN
easat-9654	13	36	—	—	PUNCT
easat-9654	13	37	plus	plus	CCONJ
easat-9654	13	38	staged	stage	VERB
easat-9654	13	39	market	market	NOUN
easat-9654	13	40	-	-	PUNCT
easat-9654	13	41	entry	entry	NOUN
easat-9654	13	42	and	and	CCONJ
easat-9654	13	43	compliance	compliance	NOUN
easat-9654	13	44	operating	operating	NOUN
easat-9654	13	45	models	model	NOUN
easat-9654	13	46	.	.	PUNCT
easat-9654	14	1	keywords	keyword	NOUN
easat-9654	14	2	:	:	PUNCT
easat-9654	14	3	chinese	chinese	ADJ
easat-9654	14	4	-	-	PUNCT
easat-9654	14	5	funded	fund	VERB
easat-9654	14	6	enterprises	enterprise	NOUN
easat-9654	14	7	,	,	PUNCT
easat-9654	14	8	compliance	compliance	NOUN
easat-9654	14	9	operation	operation	NOUN
easat-9654	14	10	,	,	PUNCT
easat-9654	14	11	fintech	fintech	NOUN
easat-9654	14	12	,	,	PUNCT
easat-9654	14	13	indonesia	indonesia	PROPN
easat-9654	14	14	,	,	PUNCT
easat-9654	14	15	internet	internet	NOUN
easat-9654	14	16	finance	finance	NOUN
easat-9654	14	17	.	.	PUNCT
easat-9654	15	1	1	1	X
easat-9654	15	2	.	.	X
easat-9654	15	3	introduction	introduction	NOUN
easat-9654	15	4	after	after	ADP
easat-9654	15	5	the	the	DET
easat-9654	15	6	covid-19	covid-19	PROPN
easat-9654	15	7	pandemic	pandemic	NOUN
easat-9654	15	8	,	,	PUNCT
easat-9654	15	9	the	the	DET
easat-9654	15	10	total	total	ADJ
easat-9654	15	11	gdp	gdp	NOUN
easat-9654	15	12	of	of	ADP
easat-9654	15	13	asean	asean	PROPN
easat-9654	15	14	member	member	NOUN
easat-9654	15	15	states	state	NOUN
easat-9654	15	16	has	have	AUX
easat-9654	15	17	shown	show	VERB
easat-9654	15	18	a	a	DET
easat-9654	15	19	stable	stable	ADJ
easat-9654	15	20	growth	growth	NOUN
easat-9654	15	21	trend	trend	NOUN
easat-9654	15	22	,	,	PUNCT
easat-9654	15	23	becoming	become	VERB
easat-9654	15	24	a	a	DET
easat-9654	15	25	stabilizing	stabilize	VERB
easat-9654	15	26	force	force	NOUN
easat-9654	15	27	in	in	ADP
easat-9654	15	28	the	the	DET
easat-9654	15	29	face	face	NOUN
easat-9654	15	30	of	of	ADP
easat-9654	15	31	the	the	DET
easat-9654	15	32	rising	rise	VERB
easat-9654	15	33	unilateral	unilateral	ADJ
easat-9654	15	34	trade	trade	NOUN
easat-9654	15	35	protectionism	protectionism	NOUN
easat-9654	15	36	worldwide	worldwide	ADV
easat-9654	16	1	[	[	X
easat-9654	16	2	1	1	NUM
easat-9654	16	3	]	]	PUNCT
easat-9654	16	4	.	.	PUNCT
easat-9654	17	1	meanwhile	meanwhile	ADV
easat-9654	17	2	,	,	PUNCT
easat-9654	17	3	the	the	DET
easat-9654	17	4	digital	digital	ADJ
easat-9654	17	5	economy	economy	NOUN
easat-9654	17	6	is	be	AUX
easat-9654	17	7	also	also	ADV
easat-9654	17	8	experiencing	experience	VERB
easat-9654	17	9	rapid	rapid	ADJ
easat-9654	17	10	development	development	NOUN
easat-9654	17	11	across	across	ADP
easat-9654	17	12	asean	asean	ADJ
easat-9654	17	13	countries	country	NOUN
easat-9654	17	14	.	.	PUNCT
easat-9654	18	1	according	accord	VERB
easat-9654	18	2	to	to	ADP
easat-9654	18	3	the	the	DET
easat-9654	18	4	e	e	PROPN
easat-9654	18	5	-	-	PROPN
easat-9654	18	6	conomy	conomy	ADJ
easat-9654	18	7	sea	sea	PROPN
easat-9654	18	8	2024	2024	NUM
easat-9654	18	9	report	report	NOUN
easat-9654	18	10	jointly	jointly	ADV
easat-9654	18	11	released	release	VERB
easat-9654	18	12	by	by	ADP
easat-9654	18	13	google	google	PROPN
easat-9654	18	14	,	,	PUNCT
easat-9654	18	15	temasek	temasek	NOUN
easat-9654	18	16	,	,	PUNCT
easat-9654	18	17	and	and	CCONJ
easat-9654	18	18	bain	bain	NOUN
easat-9654	18	19	,	,	PUNCT
easat-9654	18	20	the	the	DET
easat-9654	18	21	gross	gross	ADJ
easat-9654	18	22	merchandise	merchandise	NOUN
easat-9654	18	23	value	value	NOUN
easat-9654	18	24	(	(	PUNCT
easat-9654	18	25	gmv	gmv	PROPN
easat-9654	18	26	)	)	PUNCT
easat-9654	18	27	of	of	ADP
easat-9654	18	28	southeast	southeast	PROPN
easat-9654	18	29	asia	asia	PROPN
easat-9654	18	30	's	's	PART
easat-9654	18	31	(	(	PUNCT
easat-9654	18	32	sea	sea	NOUN
easat-9654	18	33	)	)	PUNCT
easat-9654	18	34	digital	digital	ADJ
easat-9654	18	35	economy	economy	NOUN
easat-9654	18	36	reached	reach	VERB
easat-9654	18	37	usd	usd	NOUN
easat-9654	18	38	263	263	NUM
easat-9654	18	39	billion	billion	NUM
easat-9654	18	40	in	in	ADP
easat-9654	18	41	2024	2024	NUM
easat-9654	18	42	,	,	PUNCT
easat-9654	18	43	marking	mark	VERB
easat-9654	18	44	a	a	DET
easat-9654	18	45	15	15	NUM
easat-9654	18	46	%	%	NOUN
easat-9654	18	47	year	year	NOUN
easat-9654	18	48	-	-	PUNCT
easat-9654	18	49	on	on	ADP
easat-9654	18	50	-	-	PUNCT
easat-9654	18	51	year	year	NOUN
easat-9654	18	52	increase	increase	NOUN
easat-9654	18	53	[	[	X
easat-9654	18	54	2	2	NUM
easat-9654	18	55	]	]	PUNCT
easat-9654	18	56	.	.	PUNCT
easat-9654	19	1	among	among	ADP
easat-9654	19	2	the	the	DET
easat-9654	19	3	asean	asean	ADJ
easat-9654	19	4	members	member	NOUN
easat-9654	19	5	,	,	PUNCT
easat-9654	19	6	indonesia	indonesia	PROPN
easat-9654	19	7	has	have	AUX
easat-9654	19	8	been	be	AUX
easat-9654	19	9	the	the	DET
easat-9654	19	10	largest	large	ADJ
easat-9654	19	11	economy	economy	NOUN
easat-9654	19	12	in	in	ADP
easat-9654	19	13	asean	asean	NOUN
easat-9654	19	14	in	in	ADP
easat-9654	19	15	recent	recent	ADJ
easat-9654	19	16	years	year	NOUN
easat-9654	19	17	.	.	PUNCT
easat-9654	20	1	with	with	ADP
easat-9654	20	2	a	a	DET
easat-9654	20	3	growth	growth	NOUN
easat-9654	20	4	rate	rate	NOUN
easat-9654	20	5	as	as	ADV
easat-9654	20	6	high	high	ADJ
easat-9654	20	7	as	as	ADP
easat-9654	20	8	4.87	4.87	NUM
easat-9654	20	9	%	%	NOUN
easat-9654	20	10	in	in	ADP
easat-9654	20	11	the	the	DET
easat-9654	20	12	first	first	ADJ
easat-9654	20	13	quarter	quarter	NOUN
easat-9654	20	14	of	of	ADP
easat-9654	20	15	2025	2025	NUM
easat-9654	20	16	,	,	PUNCT
easat-9654	20	17	it	it	PRON
easat-9654	20	18	has	have	AUX
easat-9654	20	19	proven	prove	VERB
easat-9654	20	20	to	to	PART
easat-9654	20	21	be	be	AUX
easat-9654	20	22	an	an	DET
easat-9654	20	23	important	important	ADJ
easat-9654	20	24	economic	economic	ADJ
easat-9654	20	25	engine	engine	NOUN
easat-9654	20	26	for	for	ADP
easat-9654	20	27	the	the	DET
easat-9654	20	28	development	development	NOUN
easat-9654	20	29	of	of	ADP
easat-9654	20	30	asean	asean	PROPN
easat-9654	20	31	[	[	X
easat-9654	20	32	3	3	NUM
easat-9654	20	33	]	]	PUNCT
easat-9654	20	34	.	.	PUNCT
easat-9654	21	1	meanwhile	meanwhile	ADV
easat-9654	21	2	,	,	PUNCT
easat-9654	21	3	the	the	DET
easat-9654	21	4	development	development	NOUN
easat-9654	21	5	of	of	ADP
easat-9654	21	6	internet	internet	NOUN
easat-9654	21	7	finance	finance	NOUN
easat-9654	21	8	in	in	ADP
easat-9654	21	9	indonesia	indonesia	PROPN
easat-9654	21	10	is	be	AUX
easat-9654	21	11	also	also	ADV
easat-9654	21	12	showing	show	VERB
easat-9654	21	13	a	a	DET
easat-9654	21	14	high	high	ADJ
easat-9654	21	15	-	-	PUNCT
easat-9654	21	16	speed	speed	NOUN
easat-9654	21	17	growth	growth	NOUN
easat-9654	21	18	trend	trend	NOUN
easat-9654	21	19	.	.	PUNCT
easat-9654	22	1	fintech	fintech	NOUN
easat-9654	22	2	is	be	AUX
easat-9654	22	3	currently	currently	ADV
easat-9654	22	4	an	an	DET
easat-9654	22	5	important	important	ADJ
easat-9654	22	6	industry	industry	NOUN
easat-9654	22	7	in	in	ADP
easat-9654	22	8	indonesia	indonesia	PROPN
easat-9654	22	9	,	,	PUNCT
easat-9654	22	10	estimated	estimate	VERB
easat-9654	22	11	at	at	ADP
easat-9654	22	12	40	40	NUM
easat-9654	22	13	billion	billion	NUM
easat-9654	22	14	us	us	PROPN
easat-9654	22	15	dollars	dollar	NOUN
easat-9654	22	16	in	in	ADP
easat-9654	22	17	2019	2019	NUM
easat-9654	22	18	,	,	PUNCT
easat-9654	22	19	with	with	ADP
easat-9654	22	20	an	an	DET
easat-9654	22	21	average	average	ADJ
easat-9654	22	22	annual	annual	ADJ
easat-9654	22	23	growth	growth	NOUN
easat-9654	22	24	rate	rate	NOUN
easat-9654	22	25	of	of	ADP
easat-9654	22	26	over	over	ADP
easat-9654	22	27	49	49	NUM
easat-9654	22	28	%	%	NOUN
easat-9654	22	29	.	.	PUNCT
easat-9654	23	1	by	by	ADP
easat-9654	23	2	2025	2025	NUM
easat-9654	23	3	,	,	PUNCT
easat-9654	23	4	it	it	PRON
easat-9654	23	5	is	be	AUX
easat-9654	23	6	expected	expect	VERB
easat-9654	23	7	that	that	SCONJ
easat-9654	23	8	the	the	DET
easat-9654	23	9	valuation	valuation	NOUN
easat-9654	23	10	will	will	AUX
easat-9654	23	11	not	not	PART
easat-9654	23	12	be	be	AUX
easat-9654	23	13	less	less	ADJ
easat-9654	23	14	than	than	ADP
easat-9654	23	15	130	130	NUM
easat-9654	23	16	billion	billion	NUM
easat-9654	23	17	us	us	PROPN
easat-9654	23	18	dollars	dollar	NOUN
easat-9654	23	19	,	,	PUNCT
easat-9654	23	20	mainly	mainly	ADV
easat-9654	23	21	concentrated	concentrate	VERB
easat-9654	23	22	in	in	ADP
easat-9654	23	23	the	the	DET
easat-9654	23	24	fields	field	NOUN
easat-9654	23	25	of	of	ADP
easat-9654	23	26	digital	digital	ADJ
easat-9654	23	27	payment	payment	NOUN
easat-9654	23	28	and	and	CCONJ
easat-9654	23	29	e	e	NOUN
easat-9654	23	30	-	-	NOUN
easat-9654	23	31	commerce	commerce	NOUN
easat-9654	23	32	enterprises	enterprise	NOUN
easat-9654	23	33	[	[	X
easat-9654	23	34	4	4	NUM
easat-9654	23	35	]	]	PUNCT
easat-9654	23	36	.	.	PUNCT
easat-9654	24	1	the	the	DET
easat-9654	24	2	underlying	underlie	VERB
easat-9654	24	3	logic	logic	NOUN
easat-9654	24	4	of	of	ADP
easat-9654	24	5	this	this	DET
easat-9654	24	6	economic	economic	ADJ
easat-9654	24	7	surge	surge	NOUN
easat-9654	24	8	stems	stem	VERB
easat-9654	24	9	from	from	ADP
easat-9654	24	10	the	the	DET
easat-9654	24	11	support	support	NOUN
easat-9654	24	12	of	of	ADP
easat-9654	24	13	indonesia	indonesia	PROPN
easat-9654	24	14	's	's	PART
easat-9654	24	15	policies	policy	NOUN
easat-9654	24	16	and	and	CCONJ
easat-9654	24	17	the	the	DET
easat-9654	24	18	transformation	transformation	NOUN
easat-9654	24	19	of	of	ADP
easat-9654	24	20	consumer	consumer	NOUN
easat-9654	24	21	behavior	behavior	NOUN
easat-9654	24	22	.	.	PUNCT
easat-9654	25	1	the	the	DET
easat-9654	25	2	indonesian	indonesian	ADJ
easat-9654	25	3	government	government	NOUN
easat-9654	25	4	has	have	AUX
easat-9654	25	5	integrated	integrate	VERB
easat-9654	25	6	fintech	fintech	NOUN
easat-9654	25	7	into	into	ADP
easat-9654	25	8	its	its	PRON
easat-9654	25	9	economic	economic	ADJ
easat-9654	25	10	recovery	recovery	NOUN
easat-9654	25	11	program	program	NOUN
easat-9654	25	12	,	,	PUNCT
easat-9654	25	13	with	with	ADP
easat-9654	25	14	ojk	ojk	NOUN
easat-9654	25	15	(	(	PUNCT
easat-9654	25	16	financial	financial	ADJ
easat-9654	25	17	services	service	NOUN
easat-9654	25	18	authority：otoritas	authority：otoritas	PROPN
easat-9654	25	19	jasa	jasa	PROPN
easat-9654	25	20	keuangan	keuangan	PROPN
easat-9654	25	21	)	)	PUNCT
easat-9654	25	22	and	and	CCONJ
easat-9654	25	23	bi	bi	NOUN
easat-9654	25	24	(	(	PUNCT
easat-9654	25	25	bank	bank	PROPN
easat-9654	25	26	indonesia	indonesia	PROPN
easat-9654	25	27	)	)	PUNCT
easat-9654	25	28	implementing	implement	VERB
easat-9654	25	29	a	a	DET
easat-9654	25	30	dual	dual	ADJ
easat-9654	25	31	-	-	PUNCT
easat-9654	25	32	track	track	NOUN
easat-9654	25	33	regulatory	regulatory	ADJ
easat-9654	25	34	framework	framework	NOUN
easat-9654	25	35	,	,	PUNCT
easat-9654	25	36	particularly	particularly	ADV
easat-9654	25	37	relaxing	relax	VERB
easat-9654	25	38	interest	interest	NOUN
easat-9654	25	39	rate	rate	NOUN
easat-9654	25	40	caps	cap	NOUN
easat-9654	25	41	and	and	CCONJ
easat-9654	25	42	registration	registration	NOUN
easat-9654	25	43	requirements	requirement	NOUN
easat-9654	25	44	to	to	ADP
easat-9654	25	45	the	the	DET
easat-9654	25	46	maximum	maximum	ADJ
easat-9654	25	47	extent	extent	NOUN
easat-9654	25	48	[	[	X
easat-9654	25	49	5	5	NUM
easat-9654	25	50	]	]	PUNCT
easat-9654	25	51	.	.	PUNCT
easat-9654	26	1	meanwhile	meanwhile	ADV
easat-9654	26	2	,	,	PUNCT
easat-9654	26	3	indonesia	indonesia	PROPN
easat-9654	26	4	is	be	AUX
easat-9654	26	5	currently	currently	ADV
easat-9654	26	6	in	in	ADP
easat-9654	26	7	the	the	DET
easat-9654	26	8	demographic	demographic	ADJ
easat-9654	26	9	dividend	dividend	NOUN
easat-9654	26	10	stage	stage	NOUN
easat-9654	26	11	.	.	PUNCT
easat-9654	27	1	the	the	DET
easat-9654	27	2	huge	huge	ADJ
easat-9654	27	3	potential	potential	ADJ
easat-9654	27	4	customer	customer	NOUN
easat-9654	27	5	base	base	NOUN
easat-9654	27	6	makes	make	VERB
easat-9654	27	7	the	the	DET
easat-9654	27	8	country	country	NOUN
easat-9654	27	9	's	's	PART
easat-9654	27	10	fintech	fintech	NOUN
easat-9654	27	11	industry	industry	NOUN
easat-9654	27	12	https://orcid.org/0000-0002-6852-9790	https://orcid.org/0000-0002-6852-9790	PROPN
easat-9654	27	13	1559	1559	NUM
easat-9654	27	14	edelweiss	edelweiss	PROPN
easat-9654	27	15	applied	apply	VERB
easat-9654	27	16	science	science	NOUN
easat-9654	27	17	and	and	CCONJ
easat-9654	27	18	technology	technology	NOUN
easat-9654	27	19	issn	issn	PROPN
easat-9654	27	20	:	:	PUNCT
easat-9654	27	21	2576	2576	NUM
easat-9654	27	22	-	-	SYM
easat-9654	27	23	8484	8484	NUM
easat-9654	27	24	vol	vol	NOUN
easat-9654	27	25	.	.	PROPN
easat-9654	28	1	9	9	NUM
easat-9654	28	2	,	,	PUNCT
easat-9654	28	3	no	no	INTJ
easat-9654	28	4	.	.	NOUN
easat-9654	28	5	8	8	NUM
easat-9654	28	6	:	:	SYM
easat-9654	28	7	1558	1558	NUM
easat-9654	28	8	-	-	SYM
easat-9654	28	9	1579	1579	NUM
easat-9654	28	10	,	,	PUNCT
easat-9654	28	11	2025	2025	NUM
easat-9654	28	12	doi	doi	NOUN
easat-9654	28	13	:	:	PUNCT
easat-9654	28	14	10.55214/2576	10.55214/2576	NUM
easat-9654	28	15	-	-	PUNCT
easat-9654	28	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	28	17	©	©	PROPN
easat-9654	28	18	2025	2025	NUM
easat-9654	28	19	by	by	ADP
easat-9654	28	20	the	the	DET
easat-9654	28	21	authors	author	NOUN
easat-9654	28	22	;	;	PUNCT
easat-9654	28	23	licensee	licensee	PROPN
easat-9654	28	24	learning	learning	NOUN
easat-9654	28	25	gate	gate	VERB
easat-9654	28	26	very	very	ADV
easat-9654	28	27	attractive	attractive	ADJ
easat-9654	28	28	.	.	PUNCT
easat-9654	29	1	in	in	ADP
easat-9654	29	2	addition	addition	NOUN
easat-9654	29	3	,	,	PUNCT
easat-9654	29	4	the	the	DET
easat-9654	29	5	"	"	PUNCT
easat-9654	29	6	2016	2016	NUM
easat-9654	29	7	indonesian	indonesian	ADJ
easat-9654	29	8	digital	digital	ADJ
easat-9654	29	9	consumption	consumption	NOUN
easat-9654	29	10	behavior	behavior	NOUN
easat-9654	29	11	"	"	PUNCT
easat-9654	29	12	research	research	NOUN
easat-9654	29	13	report	report	NOUN
easat-9654	29	14	released	release	VERB
easat-9654	29	15	by	by	ADP
easat-9654	29	16	the	the	DET
easat-9654	29	17	indonesian	indonesian	ADJ
easat-9654	29	18	media	media	PROPN
easat-9654	29	19	dailysocial	dailysocial	PROPN
easat-9654	29	20	shows	show	VERB
easat-9654	29	21	that	that	SCONJ
easat-9654	29	22	as	as	ADP
easat-9654	29	23	the	the	DET
easat-9654	29	24	world	world	NOUN
easat-9654	29	25	's	's	PART
easat-9654	29	26	fourth	fourth	ADJ
easat-9654	29	27	most	most	ADV
easat-9654	29	28	populous	populous	ADJ
easat-9654	29	29	country	country	NOUN
easat-9654	29	30	,	,	PUNCT
easat-9654	29	31	half	half	NOUN
easat-9654	29	32	of	of	ADP
easat-9654	29	33	indonesia	indonesia	PROPN
easat-9654	29	34	's	's	PART
easat-9654	29	35	population	population	NOUN
easat-9654	29	36	is	be	AUX
easat-9654	29	37	under	under	ADP
easat-9654	29	38	the	the	DET
easat-9654	29	39	age	age	NOUN
easat-9654	29	40	of	of	ADP
easat-9654	29	41	30	30	NUM
easat-9654	29	42	.	.	PUNCT
easat-9654	30	1	and	and	CCONJ
easat-9654	30	2	this	this	DET
easat-9654	30	3	group	group	NOUN
easat-9654	30	4	of	of	ADP
easat-9654	30	5	people	people	NOUN
easat-9654	30	6	,	,	PUNCT
easat-9654	30	7	the	the	DET
easat-9654	30	8	"	"	PUNCT
easat-9654	30	9	digital	digital	ADJ
easat-9654	30	10	natives	native	NOUN
easat-9654	30	11	"	"	PUNCT
easat-9654	30	12	who	who	PRON
easat-9654	30	13	are	be	AUX
easat-9654	30	14	passionate	passionate	ADJ
easat-9654	30	15	about	about	ADP
easat-9654	30	16	fintech	fintech	NOUN
easat-9654	30	17	consumption	consumption	NOUN
easat-9654	30	18	,	,	PUNCT
easat-9654	30	19	account	account	VERB
easat-9654	30	20	for	for	ADP
easat-9654	30	21	69.3	69.3	NUM
easat-9654	30	22	%	%	NOUN
easat-9654	30	23	of	of	ADP
easat-9654	30	24	the	the	DET
easat-9654	30	25	total	total	NOUN
easat-9654	30	26	[	[	X
easat-9654	30	27	6	6	NUM
easat-9654	30	28	]	]	PUNCT
easat-9654	30	29	.	.	PUNCT
easat-9654	31	1	therefore	therefore	ADV
easat-9654	31	2	,	,	PUNCT
easat-9654	31	3	the	the	DET
easat-9654	31	4	change	change	NOUN
easat-9654	31	5	in	in	ADP
easat-9654	31	6	indonesians	indonesians	PROPN
easat-9654	31	7	'	'	PART
easat-9654	31	8	digital	digital	ADJ
easat-9654	31	9	consumption	consumption	NOUN
easat-9654	31	10	habits	habit	NOUN
easat-9654	31	11	is	be	AUX
easat-9654	31	12	precisely	precisely	ADV
easat-9654	31	13	the	the	DET
easat-9654	31	14	necessary	necessary	ADJ
easat-9654	31	15	factor	factor	NOUN
easat-9654	31	16	for	for	ADP
easat-9654	31	17	the	the	DET
easat-9654	31	18	rapid	rapid	ADJ
easat-9654	31	19	development	development	NOUN
easat-9654	31	20	of	of	ADP
easat-9654	31	21	fintech	fintech	NOUN
easat-9654	31	22	in	in	ADP
easat-9654	31	23	indonesia	indonesia	PROPN
easat-9654	31	24	.	.	PUNCT
easat-9654	32	1	however	however	ADV
easat-9654	32	2	,	,	PUNCT
easat-9654	32	3	amid	amid	ADP
easat-9654	32	4	the	the	DET
easat-9654	32	5	rapid	rapid	ADJ
easat-9654	32	6	proliferation	proliferation	NOUN
easat-9654	32	7	of	of	ADP
easat-9654	32	8	the	the	DET
easat-9654	32	9	fintech	fintech	NOUN
easat-9654	32	10	sector	sector	NOUN
easat-9654	32	11	,	,	PUNCT
easat-9654	32	12	indonesia	indonesia	PROPN
easat-9654	32	13	's	's	PART
easat-9654	32	14	regulatory	regulatory	ADJ
easat-9654	32	15	landscape	landscape	NOUN
easat-9654	32	16	has	have	AUX
easat-9654	32	17	progressively	progressively	ADV
easat-9654	32	18	intensified	intensify	VERB
easat-9654	32	19	.	.	PUNCT
easat-9654	33	1	in	in	ADP
easat-9654	33	2	response	response	NOUN
easat-9654	33	3	to	to	ADP
easat-9654	33	4	escalating	escalate	VERB
easat-9654	33	5	regulatory	regulatory	ADJ
easat-9654	33	6	demands	demand	NOUN
easat-9654	33	7	,	,	PUNCT
easat-9654	33	8	the	the	DET
easat-9654	33	9	nation	nation	NOUN
easat-9654	33	10	's	's	PART
easat-9654	33	11	fintech	fintech	NOUN
easat-9654	33	12	industry	industry	NOUN
easat-9654	33	13	has	have	AUX
easat-9654	33	14	established	establish	VERB
easat-9654	33	15	a	a	DET
easat-9654	33	16	robust	robust	ADJ
easat-9654	33	17	compliance	compliance	NOUN
easat-9654	33	18	framework	framework	NOUN
easat-9654	33	19	implementing	implement	VERB
easat-9654	33	20	stringent	stringent	ADJ
easat-9654	33	21	controls	control	NOUN
easat-9654	33	22	to	to	PART
easat-9654	33	23	mitigate	mitigate	VERB
easat-9654	33	24	emerging	emerge	VERB
easat-9654	33	25	financial	financial	ADJ
easat-9654	33	26	risks	risk	NOUN
easat-9654	33	27	.	.	PUNCT
easat-9654	34	1	for	for	ADP
easat-9654	34	2	instance	instance	NOUN
easat-9654	34	3	,	,	PUNCT
easat-9654	34	4	the	the	DET
easat-9654	34	5	2022	2022	NUM
easat-9654	34	6	enactment	enactment	NOUN
easat-9654	34	7	of	of	ADP
easat-9654	34	8	the	the	DET
easat-9654	34	9	personal	personal	ADJ
easat-9654	34	10	data	data	PROPN
easat-9654	34	11	protection	protection	PROPN
easat-9654	34	12	law	law	NOUN
easat-9654	34	13	mandates	mandate	VERB
easat-9654	34	14	enterprises	enterprise	NOUN
easat-9654	34	15	to	to	PART
easat-9654	34	16	adhere	adhere	VERB
easat-9654	34	17	to	to	ADP
easat-9654	34	18	data	datum	NOUN
easat-9654	34	19	minimization	minimization	NOUN
easat-9654	34	20	principles	principle	NOUN
easat-9654	34	21	,	,	PUNCT
easat-9654	34	22	report	report	VERB
easat-9654	34	23	breaches	breach	NOUN
easat-9654	34	24	within	within	ADP
easat-9654	34	25	72	72	NUM
easat-9654	34	26	hours	hour	NOUN
easat-9654	34	27	,	,	PUNCT
easat-9654	34	28	and	and	CCONJ
easat-9654	34	29	comply	comply	VERB
easat-9654	34	30	with	with	ADP
easat-9654	34	31	cross	cross	ADJ
easat-9654	34	32	-	-	ADJ
easat-9654	34	33	border	border	ADJ
easat-9654	34	34	data	datum	NOUN
easat-9654	34	35	transfer	transfer	NOUN
easat-9654	34	36	restrictions	restriction	NOUN
easat-9654	34	37	(	(	PUNCT
easat-9654	34	38	requiring	require	VERB
easat-9654	34	39	recipient	recipient	NOUN
easat-9654	34	40	countries	country	NOUN
easat-9654	34	41	to	to	PART
easat-9654	34	42	maintain	maintain	VERB
easat-9654	34	43	protection	protection	NOUN
easat-9654	34	44	standards	standard	NOUN
easat-9654	34	45	equivalent	equivalent	ADJ
easat-9654	34	46	to	to	ADP
easat-9654	34	47	indonesia	indonesia	PROPN
easat-9654	34	48	,	,	PUNCT
easat-9654	34	49	with	with	ADP
easat-9654	34	50	non	non	ADJ
easat-9654	34	51	-	-	ADJ
easat-9654	34	52	compliance	compliance	ADJ
easat-9654	34	53	penalties	penalty	NOUN
easat-9654	34	54	reaching	reach	VERB
easat-9654	34	55	up	up	ADP
easat-9654	34	56	to	to	PART
easat-9654	34	57	usd	usd	NOUN
easat-9654	34	58	3.8	3.8	NUM
easat-9654	34	59	million	million	NUM
easat-9654	34	60	[	[	X
easat-9654	34	61	7	7	NUM
easat-9654	34	62	]	]	PUNCT
easat-9654	34	63	.	.	PUNCT
easat-9654	35	1	therefore	therefore	ADV
easat-9654	35	2	,	,	PUNCT
easat-9654	35	3	against	against	ADP
easat-9654	35	4	the	the	DET
easat-9654	35	5	backdrop	backdrop	NOUN
easat-9654	35	6	of	of	ADP
easat-9654	35	7	high	high	ADJ
easat-9654	35	8	growth	growth	NOUN
easat-9654	35	9	opportunities	opportunity	NOUN
easat-9654	35	10	,	,	PUNCT
easat-9654	35	11	companies	company	NOUN
easat-9654	35	12	that	that	PRON
easat-9654	35	13	fail	fail	VERB
easat-9654	35	14	to	to	PART
easat-9654	35	15	adjust	adjust	VERB
easat-9654	35	16	their	their	PRON
easat-9654	35	17	business	business	NOUN
easat-9654	35	18	plans	plan	NOUN
easat-9654	35	19	in	in	ADP
easat-9654	35	20	a	a	DET
easat-9654	35	21	timely	timely	ADJ
easat-9654	35	22	manner	manner	NOUN
easat-9654	35	23	and	and	CCONJ
easat-9654	35	24	comply	comply	VERB
easat-9654	35	25	with	with	ADP
easat-9654	35	26	laws	law	NOUN
easat-9654	35	27	and	and	CCONJ
easat-9654	35	28	regulations	regulation	NOUN
easat-9654	35	29	may	may	AUX
easat-9654	35	30	encounter	encounter	VERB
easat-9654	35	31	significant	significant	ADJ
easat-9654	35	32	legal	legal	ADJ
easat-9654	35	33	risks	risk	NOUN
easat-9654	35	34	and	and	CCONJ
easat-9654	35	35	economic	economic	ADJ
easat-9654	35	36	losses	loss	NOUN
easat-9654	35	37	.	.	PUNCT
easat-9654	36	1	chinese	chinese	ADJ
easat-9654	36	2	fintech	fintech	NOUN
easat-9654	36	3	companies	company	NOUN
easat-9654	36	4	already	already	ADV
easat-9654	36	5	held	hold	VERB
easat-9654	36	6	more	more	ADJ
easat-9654	36	7	than	than	ADP
easat-9654	36	8	half	half	NOUN
easat-9654	36	9	of	of	ADP
easat-9654	36	10	the	the	DET
easat-9654	36	11	global	global	ADJ
easat-9654	36	12	fintech	fintech	NOUN
easat-9654	36	13	patent	patent	NOUN
easat-9654	36	14	share	share	NOUN
easat-9654	36	15	in	in	ADP
easat-9654	36	16	2022	2022	NUM
easat-9654	36	17	and	and	CCONJ
easat-9654	36	18	are	be	AUX
easat-9654	36	19	rapidly	rapidly	ADV
easat-9654	36	20	expanding	expand	VERB
easat-9654	36	21	into	into	ADP
easat-9654	36	22	international	international	ADJ
easat-9654	36	23	markets	market	NOUN
easat-9654	36	24	[	[	X
easat-9654	36	25	8	8	NUM
easat-9654	36	26	]	]	PUNCT
easat-9654	36	27	.	.	PUNCT
easat-9654	37	1	southeast	southeast	PROPN
easat-9654	37	2	asia	asia	PROPN
easat-9654	37	3	,	,	PUNCT
easat-9654	37	4	particularly	particularly	ADV
easat-9654	37	5	indonesia	indonesia	PROPN
easat-9654	37	6	,	,	PUNCT
easat-9654	37	7	has	have	AUX
easat-9654	37	8	emerged	emerge	VERB
easat-9654	37	9	as	as	ADP
easat-9654	37	10	a	a	DET
easat-9654	37	11	critical	critical	ADJ
easat-9654	37	12	strategic	strategic	ADJ
easat-9654	37	13	hub	hub	NOUN
easat-9654	37	14	for	for	ADP
easat-9654	37	15	the	the	DET
easat-9654	37	16	global	global	ADJ
easat-9654	37	17	operations	operation	NOUN
easat-9654	37	18	of	of	ADP
easat-9654	37	19	chinese	chinese	ADJ
easat-9654	37	20	enterprises	enterprise	NOUN
easat-9654	37	21	.	.	PUNCT
easat-9654	38	1	this	this	DET
easat-9654	38	2	trend	trend	NOUN
easat-9654	38	3	stems	stem	VERB
easat-9654	38	4	from	from	ADP
easat-9654	38	5	indonesia	indonesia	PROPN
easat-9654	38	6	's	's	PART
easat-9654	38	7	robust	robust	ADJ
easat-9654	38	8	economic	economic	ADJ
easat-9654	38	9	growth	growth	NOUN
easat-9654	38	10	,	,	PUNCT
easat-9654	38	11	which	which	PRON
easat-9654	38	12	holds	hold	VERB
easat-9654	38	13	significant	significant	ADJ
easat-9654	38	14	appeal	appeal	NOUN
easat-9654	38	15	for	for	ADP
easat-9654	38	16	chinese	chinese	ADJ
easat-9654	38	17	companies	company	NOUN
easat-9654	38	18	.	.	PUNCT
easat-9654	39	1	furthermore	furthermore	ADV
easat-9654	39	2	,	,	PUNCT
easat-9654	39	3	to	to	PART
easat-9654	39	4	attract	attract	VERB
easat-9654	39	5	international	international	ADJ
easat-9654	39	6	investment	investment	NOUN
easat-9654	39	7	and	and	CCONJ
easat-9654	39	8	stimulate	stimulate	VERB
easat-9654	39	9	regional	regional	ADJ
easat-9654	39	10	economic	economic	ADJ
easat-9654	39	11	expansion	expansion	NOUN
easat-9654	39	12	,	,	PUNCT
easat-9654	39	13	the	the	DET
easat-9654	39	14	indonesian	indonesian	ADJ
easat-9654	39	15	government	government	NOUN
easat-9654	39	16	has	have	AUX
easat-9654	39	17	established	establish	VERB
easat-9654	39	18	multiple	multiple	ADJ
easat-9654	39	19	special	special	ADJ
easat-9654	39	20	economic	economic	ADJ
easat-9654	39	21	zones	zone	NOUN
easat-9654	39	22	.	.	PUNCT
easat-9654	40	1	under	under	ADP
easat-9654	40	2	the	the	DET
easat-9654	40	3	special	special	ADJ
easat-9654	40	4	economic	economic	ADJ
easat-9654	40	5	zones	zone	NOUN
easat-9654	40	6	law	law	NOUN
easat-9654	40	7	(	(	PUNCT
easat-9654	40	8	undang	undang	PROPN
easat-9654	40	9	-	-	PUNCT
easat-9654	40	10	undang	undang	PROPN
easat-9654	40	11	no	no	INTJ
easat-9654	40	12	.	.	PROPN
easat-9654	40	13	39	39	NUM
easat-9654	40	14	tahun	tahun	PROPN
easat-9654	40	15	2009	2009	NUM
easat-9654	40	16	tentang	tentang	PROPN
easat-9654	40	17	kawasan	kawasan	PROPN
easat-9654	40	18	ekonomi	ekonomi	PROPN
easat-9654	40	19	khusus	khusus	PROPN
easat-9654	40	20	)	)	PUNCT
easat-9654	40	21	and	and	CCONJ
easat-9654	40	22	related	related	ADJ
easat-9654	40	23	regulations	regulation	NOUN
easat-9654	40	24	,	,	PUNCT
easat-9654	40	25	foreign	foreign	ADJ
easat-9654	40	26	-	-	PUNCT
easat-9654	40	27	invested	invest	VERB
easat-9654	40	28	enterprises	enterprise	NOUN
easat-9654	40	29	operating	operate	VERB
easat-9654	40	30	within	within	ADP
easat-9654	40	31	these	these	DET
easat-9654	40	32	zones	zone	NOUN
easat-9654	40	33	benefit	benefit	VERB
easat-9654	40	34	from	from	ADP
easat-9654	40	35	substantial	substantial	ADJ
easat-9654	40	36	tax	tax	NOUN
easat-9654	40	37	incentives	incentive	NOUN
easat-9654	40	38	[	[	X
easat-9654	40	39	9	9	NUM
easat-9654	40	40	]	]	PUNCT
easat-9654	40	41	.	.	PUNCT
easat-9654	41	1	however	however	ADV
easat-9654	41	2	,	,	PUNCT
easat-9654	41	3	the	the	DET
easat-9654	41	4	complex	complex	ADJ
easat-9654	41	5	regulatory	regulatory	ADJ
easat-9654	41	6	framework	framework	NOUN
easat-9654	41	7	and	and	CCONJ
easat-9654	41	8	diverse	diverse	VERB
easat-9654	41	9	legal	legal	ADJ
easat-9654	41	10	culture	culture	NOUN
easat-9654	41	11	in	in	ADP
easat-9654	41	12	indonesia	indonesia	PROPN
easat-9654	41	13	also	also	ADV
easat-9654	41	14	pose	pose	VERB
easat-9654	41	15	considerable	considerable	ADJ
easat-9654	41	16	compliance	compliance	NOUN
easat-9654	41	17	challenges	challenge	NOUN
easat-9654	41	18	for	for	ADP
easat-9654	41	19	chinese	chinese	ADJ
easat-9654	41	20	-	-	PUNCT
easat-9654	41	21	funded	fund	VERB
easat-9654	41	22	enterprises	enterprise	NOUN
easat-9654	41	23	.	.	PUNCT
easat-9654	42	1	indonesia	indonesia	PROPN
easat-9654	42	2	's	's	PART
easat-9654	42	3	unique	unique	ADJ
easat-9654	42	4	legal	legal	ADJ
easat-9654	42	5	culture	culture	NOUN
easat-9654	42	6	,	,	PUNCT
easat-9654	42	7	characterized	characterize	VERB
easat-9654	42	8	by	by	ADP
easat-9654	42	9	the	the	DET
easat-9654	42	10	coexistence	coexistence	NOUN
easat-9654	42	11	of	of	ADP
easat-9654	42	12	five	five	NUM
easat-9654	42	13	sources	source	NOUN
easat-9654	42	14	written	write	VERB
easat-9654	42	15	law	law	NOUN
easat-9654	42	16	,	,	PUNCT
easat-9654	42	17	customary	customary	ADJ
easat-9654	42	18	law	law	NOUN
easat-9654	42	19	,	,	PUNCT
easat-9654	42	20	islamic	islamic	ADJ
easat-9654	42	21	law	law	NOUN
easat-9654	42	22	,	,	PUNCT
easat-9654	42	23	religious	religious	ADJ
easat-9654	42	24	law	law	NOUN
easat-9654	42	25	,	,	PUNCT
easat-9654	42	26	and	and	CCONJ
easat-9654	42	27	dutch	dutch	ADJ
easat-9654	42	28	colonial	colonial	ADJ
easat-9654	42	29	law	law	NOUN
easat-9654	42	30	,	,	PUNCT
easat-9654	42	31	as	as	ADV
easat-9654	42	32	well	well	ADV
easat-9654	42	33	as	as	ADP
easat-9654	42	34	the	the	DET
easat-9654	42	35	pancasila	pancasila	PROPN
easat-9654	42	36	ideology	ideology	NOUN
easat-9654	42	37	,	,	PUNCT
easat-9654	42	38	which	which	PRON
easat-9654	42	39	prioritizes	prioritize	VERB
easat-9654	42	40	religious	religious	ADJ
easat-9654	42	41	values	value	NOUN
easat-9654	42	42	in	in	ADP
easat-9654	42	43	the	the	DET
easat-9654	42	44	judiciary	judiciary	NOUN
easat-9654	42	45	,	,	PUNCT
easat-9654	42	46	requires	require	VERB
easat-9654	42	47	enterprises	enterprise	NOUN
easat-9654	42	48	to	to	PART
easat-9654	42	49	take	take	VERB
easat-9654	42	50	into	into	ADP
easat-9654	42	51	account	account	NOUN
easat-9654	42	52	religious	religious	ADJ
easat-9654	42	53	prohibitions	prohibition	NOUN
easat-9654	42	54	and	and	CCONJ
easat-9654	42	55	local	local	ADJ
easat-9654	42	56	customs	custom	NOUN
easat-9654	42	57	,	,	PUNCT
easat-9654	42	58	thereby	thereby	ADV
easat-9654	42	59	complicating	complicate	VERB
easat-9654	42	60	compliance	compliance	NOUN
easat-9654	42	61	efforts	effort	NOUN
easat-9654	42	62	[	[	X
easat-9654	42	63	10	10	NUM
easat-9654	42	64	]	]	PUNCT
easat-9654	42	65	.	.	PUNCT
easat-9654	43	1	furthermore	furthermore	ADV
easat-9654	43	2	,	,	PUNCT
easat-9654	43	3	the	the	DET
easat-9654	43	4	regulatory	regulatory	ADJ
easat-9654	43	5	systems	system	NOUN
easat-9654	43	6	of	of	ADP
easat-9654	43	7	southeast	southeast	ADJ
easat-9654	43	8	asian	asian	ADJ
easat-9654	43	9	countries	country	NOUN
easat-9654	43	10	show	show	VERB
easat-9654	43	11	considerable	considerable	ADJ
easat-9654	43	12	differences	difference	NOUN
easat-9654	43	13	,	,	PUNCT
easat-9654	43	14	especially	especially	ADV
easat-9654	43	15	in	in	ADP
easat-9654	43	16	the	the	DET
easat-9654	43	17	areas	area	NOUN
easat-9654	43	18	of	of	ADP
easat-9654	43	19	finance	finance	NOUN
easat-9654	43	20	,	,	PUNCT
easat-9654	43	21	data	data	NOUN
easat-9654	43	22	governance	governance	NOUN
easat-9654	43	23	,	,	PUNCT
easat-9654	43	24	industry	industry	NOUN
easat-9654	43	25	access	access	NOUN
easat-9654	43	26	,	,	PUNCT
easat-9654	43	27	and	and	CCONJ
easat-9654	43	28	taxation	taxation	NOUN
easat-9654	43	29	.	.	PUNCT
easat-9654	44	1	for	for	ADP
easat-9654	44	2	instance	instance	NOUN
easat-9654	44	3	,	,	PUNCT
easat-9654	44	4	indonesia	indonesia	PROPN
easat-9654	44	5	has	have	AUX
easat-9654	44	6	shifted	shift	VERB
easat-9654	44	7	its	its	PRON
easat-9654	44	8	regulation	regulation	NOUN
easat-9654	44	9	of	of	ADP
easat-9654	44	10	cryptocurrencies	cryptocurrencie	NOUN
easat-9654	44	11	from	from	ADP
easat-9654	44	12	commodity	commodity	NOUN
easat-9654	44	13	surveillance	surveillance	NOUN
easat-9654	44	14	to	to	ADP
easat-9654	44	15	financial	financial	ADJ
easat-9654	44	16	licensing	licensing	NOUN
easat-9654	44	17	,	,	PUNCT
easat-9654	44	18	while	while	SCONJ
easat-9654	44	19	singapore	singapore	PROPN
easat-9654	44	20	distinguishes	distinguish	VERB
easat-9654	44	21	between	between	ADP
easat-9654	44	22	payment	payment	NOUN
easat-9654	44	23	tokens	token	NOUN
easat-9654	44	24	and	and	CCONJ
easat-9654	44	25	security	security	NOUN
easat-9654	44	26	tokens	token	NOUN
easat-9654	45	1	[	[	X
easat-9654	45	2	11	11	NUM
easat-9654	45	3	]	]	PUNCT
easat-9654	45	4	.	.	PUNCT
easat-9654	46	1	against	against	ADP
easat-9654	46	2	this	this	DET
easat-9654	46	3	backdrop	backdrop	NOUN
easat-9654	46	4	,	,	PUNCT
easat-9654	46	5	a	a	DET
easat-9654	46	6	comprehensive	comprehensive	ADJ
easat-9654	46	7	exploration	exploration	NOUN
easat-9654	46	8	of	of	ADP
easat-9654	46	9	the	the	DET
easat-9654	46	10	unique	unique	ADJ
easat-9654	46	11	compliance	compliance	NOUN
easat-9654	46	12	challenges	challenge	NOUN
easat-9654	46	13	faced	face	VERB
easat-9654	46	14	by	by	ADP
easat-9654	46	15	chinese	chinese	PROPN
easat-9654	46	16	-	-	PUNCT
easat-9654	46	17	funded	fund	VERB
easat-9654	46	18	enterprises	enterprise	NOUN
easat-9654	46	19	in	in	ADP
easat-9654	46	20	indonesia	indonesia	PROPN
easat-9654	46	21	,	,	PUNCT
easat-9654	46	22	along	along	ADP
easat-9654	46	23	with	with	ADP
easat-9654	46	24	a	a	DET
easat-9654	46	25	regional	regional	ADJ
easat-9654	46	26	comparative	comparative	ADJ
easat-9654	46	27	study	study	NOUN
easat-9654	46	28	,	,	PUNCT
easat-9654	46	29	holds	hold	VERB
easat-9654	46	30	considerable	considerable	ADJ
easat-9654	46	31	direct	direct	ADJ
easat-9654	46	32	practical	practical	ADJ
easat-9654	46	33	significance	significance	NOUN
easat-9654	46	34	in	in	ADP
easat-9654	46	35	identifying	identify	VERB
easat-9654	46	36	feasible	feasible	ADJ
easat-9654	46	37	strategies	strategy	NOUN
easat-9654	46	38	.	.	PUNCT
easat-9654	47	1	therefore	therefore	ADV
easat-9654	47	2	,	,	PUNCT
easat-9654	47	3	this	this	DET
easat-9654	47	4	research	research	NOUN
easat-9654	47	5	will	will	AUX
easat-9654	47	6	examine	examine	VERB
easat-9654	47	7	the	the	DET
easat-9654	47	8	fintech	fintech	NOUN
easat-9654	47	9	compliance	compliance	NOUN
easat-9654	47	10	practices	practice	NOUN
easat-9654	47	11	of	of	ADP
easat-9654	47	12	chinese	chinese	PROPN
easat-9654	47	13	-	-	PUNCT
easat-9654	47	14	funded	fund	VERB
easat-9654	47	15	enterprises	enterprise	NOUN
easat-9654	47	16	in	in	ADP
easat-9654	47	17	indonesia	indonesia	PROPN
easat-9654	47	18	,	,	PUNCT
easat-9654	47	19	employing	employ	VERB
easat-9654	47	20	both	both	DET
easat-9654	47	21	case	case	NOUN
easat-9654	47	22	analysis	analysis	NOUN
easat-9654	47	23	and	and	CCONJ
easat-9654	47	24	regional	regional	ADJ
easat-9654	47	25	comparison	comparison	NOUN
easat-9654	47	26	methods	method	NOUN
easat-9654	47	27	to	to	PART
easat-9654	47	28	explore	explore	VERB
easat-9654	47	29	the	the	DET
easat-9654	47	30	compliance	compliance	NOUN
easat-9654	47	31	issues	issue	NOUN
easat-9654	47	32	these	these	DET
easat-9654	47	33	enterprises	enterprise	NOUN
easat-9654	47	34	encounter	encounter	VERB
easat-9654	47	35	during	during	ADP
easat-9654	47	36	their	their	PRON
easat-9654	47	37	international	international	ADJ
easat-9654	47	38	development	development	NOUN
easat-9654	47	39	and	and	CCONJ
easat-9654	47	40	propose	propose	VERB
easat-9654	47	41	targeted	target	VERB
easat-9654	47	42	business	business	NOUN
easat-9654	47	43	solutions	solution	NOUN
easat-9654	47	44	.	.	PUNCT
easat-9654	48	1	2	2	X
easat-9654	48	2	.	.	X
easat-9654	48	3	the	the	DET
easat-9654	48	4	legal	legal	ADJ
easat-9654	48	5	environment	environment	NOUN
easat-9654	48	6	and	and	CCONJ
easat-9654	48	7	the	the	DET
easat-9654	48	8	latest	late	ADJ
easat-9654	48	9	status	status	NOUN
easat-9654	48	10	of	of	ADP
easat-9654	48	11	internet	internet	NOUN
easat-9654	48	12	finance	finance	NOUN
easat-9654	48	13	in	in	ADP
easat-9654	48	14	indonesia	indonesia	PROPN
easat-9654	48	15	2.1	2.1	NUM
easat-9654	48	16	.	.	PUNCT
easat-9654	49	1	the	the	DET
easat-9654	49	2	latest	late	ADJ
easat-9654	49	3	development	development	NOUN
easat-9654	49	4	of	of	ADP
easat-9654	49	5	indonesia	indonesia	PROPN
easat-9654	49	6	's	's	PART
easat-9654	49	7	internet	internet	NOUN
easat-9654	49	8	finance	finance	NOUN
easat-9654	49	9	legal	legal	ADJ
easat-9654	49	10	system	system	NOUN
easat-9654	49	11	in	in	ADP
easat-9654	49	12	recent	recent	ADJ
easat-9654	49	13	years	year	NOUN
easat-9654	49	14	,	,	PUNCT
easat-9654	49	15	the	the	DET
easat-9654	49	16	internet	internet	NOUN
easat-9654	49	17	finance	finance	NOUN
easat-9654	49	18	in	in	ADP
easat-9654	49	19	indonesia	indonesia	PROPN
easat-9654	49	20	has	have	AUX
easat-9654	49	21	developed	develop	VERB
easat-9654	49	22	rapidly	rapidly	ADV
easat-9654	49	23	.	.	PUNCT
easat-9654	50	1	the	the	DET
easat-9654	50	2	scale	scale	NOUN
easat-9654	50	3	of	of	ADP
easat-9654	50	4	the	the	DET
easat-9654	50	5	digital	digital	ADJ
easat-9654	50	6	economy	economy	NOUN
easat-9654	50	7	has	have	AUX
easat-9654	50	8	grown	grow	VERB
easat-9654	50	9	from	from	ADP
easat-9654	50	10	82	82	NUM
easat-9654	50	11	billion	billion	NUM
easat-9654	50	12	us	us	PROPN
easat-9654	50	13	dollars	dollar	NOUN
easat-9654	50	14	in	in	ADP
easat-9654	50	15	2023	2023	NUM
easat-9654	50	16	to	to	ADP
easat-9654	50	17	146	146	NUM
easat-9654	50	18	billion	billion	NUM
easat-9654	50	19	us	us	PROPN
easat-9654	50	20	dollars	dollar	NOUN
easat-9654	50	21	in	in	ADP
easat-9654	50	22	2025	2025	NUM
easat-9654	50	23	[	[	X
easat-9654	50	24	12	12	NUM
easat-9654	50	25	]	]	PUNCT
easat-9654	50	26	.	.	PUNCT
easat-9654	51	1	the	the	DET
easat-9654	51	2	main	main	ADJ
easat-9654	51	3	catalysts	catalyst	NOUN
easat-9654	51	4	for	for	ADP
easat-9654	51	5	this	this	DET
easat-9654	51	6	expansion	expansion	NOUN
easat-9654	51	7	are	be	AUX
easat-9654	51	8	electronic	electronic	ADJ
easat-9654	51	9	payments	payment	NOUN
easat-9654	51	10	and	and	CCONJ
easat-9654	51	11	p2p	p2p	NOUN
easat-9654	51	12	lending	lending	NOUN
easat-9654	51	13	,	,	PUNCT
easat-9654	51	14	which	which	PRON
easat-9654	51	15	account	account	VERB
easat-9654	51	16	for	for	ADP
easat-9654	51	17	19.3	19.3	NUM
easat-9654	51	18	%	%	NOUN
easat-9654	51	19	and	and	CCONJ
easat-9654	51	20	61.4	61.4	NUM
easat-9654	51	21	%	%	NOUN
easat-9654	51	22	of	of	ADP
easat-9654	51	23	the	the	DET
easat-9654	51	24	fintech	fintech	NOUN
easat-9654	51	25	industry	industry	NOUN
easat-9654	51	26	respectively	respectively	ADV
easat-9654	51	27	[	[	X
easat-9654	51	28	13	13	NUM
easat-9654	51	29	]	]	PUNCT
easat-9654	51	30	.	.	PUNCT
easat-9654	52	1	in	in	ADP
easat-9654	52	2	2021	2021	NUM
easat-9654	52	3	,	,	PUNCT
easat-9654	52	4	the	the	DET
easat-9654	52	5	transaction	transaction	NOUN
easat-9654	52	6	volume	volume	NOUN
easat-9654	52	7	of	of	ADP
easat-9654	52	8	electronic	electronic	ADJ
easat-9654	52	9	payments	payment	NOUN
easat-9654	52	10	soared	soar	VERB
easat-9654	52	11	by	by	ADP
easat-9654	52	12	52	52	NUM
easat-9654	52	13	%	%	NOUN
easat-9654	52	14	,	,	PUNCT
easat-9654	52	15	with	with	ADP
easat-9654	52	16	ovo	ovo	PROPN
easat-9654	52	17	,	,	PUNCT
easat-9654	52	18	gopay	gopay	PROPN
easat-9654	52	19	and	and	CCONJ
easat-9654	52	20	dana	dana	PROPN
easat-9654	52	21	leading	lead	VERB
easat-9654	52	22	the	the	DET
easat-9654	52	23	market	market	NOUN
easat-9654	52	24	[	[	X
easat-9654	52	25	13	13	NUM
easat-9654	52	26	]	]	PUNCT
easat-9654	52	27	.	.	PUNCT
easat-9654	53	1	in	in	ADP
easat-9654	53	2	2019	2019	NUM
easat-9654	53	3	,	,	PUNCT
easat-9654	53	4	bank	bank	PROPN
easat-9654	53	5	indonesia	indonesia	PROPN
easat-9654	53	6	launched	launch	VERB
easat-9654	53	7	the	the	DET
easat-9654	53	8	payment	payment	NOUN
easat-9654	53	9	system	system	NOUN
easat-9654	53	10	blueprint	blueprint	NOUN
easat-9654	53	11	2025	2025	NUM
easat-9654	53	12	(	(	PUNCT
easat-9654	53	13	bspi	bspi	PROPN
easat-9654	53	14	2025	2025	NUM
easat-9654	53	15	)	)	PUNCT
easat-9654	53	16	to	to	PART
easat-9654	53	17	advance	advance	VERB
easat-9654	53	18	the	the	DET
easat-9654	53	19	digitization	digitization	NOUN
easat-9654	53	20	of	of	ADP
easat-9654	53	21	payment	payment	NOUN
easat-9654	53	22	systems	system	NOUN
easat-9654	53	23	,	,	PUNCT
easat-9654	53	24	encompassing	encompass	VERB
easat-9654	53	25	initiatives	initiative	NOUN
easat-9654	53	26	such	such	ADJ
easat-9654	53	27	as	as	ADP
easat-9654	53	28	the	the	DET
easat-9654	53	29	standardized	standardized	ADJ
easat-9654	53	30	quick	quick	ADJ
easat-9654	53	31	response	response	NOUN
easat-9654	53	32	code	code	PROPN
easat-9654	53	33	indonesian	indonesian	PROPN
easat-9654	53	34	standard	standard	PROPN
easat-9654	53	35	1560	1560	NUM
easat-9654	53	36	edelweiss	edelweiss	PROPN
easat-9654	53	37	applied	apply	VERB
easat-9654	53	38	science	science	NOUN
easat-9654	53	39	and	and	CCONJ
easat-9654	53	40	technology	technology	NOUN
easat-9654	53	41	issn	issn	PROPN
easat-9654	53	42	:	:	PUNCT
easat-9654	53	43	2576	2576	NUM
easat-9654	53	44	-	-	SYM
easat-9654	53	45	8484	8484	NUM
easat-9654	53	46	vol	vol	NOUN
easat-9654	53	47	.	.	PROPN
easat-9654	54	1	9	9	NUM
easat-9654	54	2	,	,	PUNCT
easat-9654	54	3	no	no	INTJ
easat-9654	54	4	.	.	NOUN
easat-9654	54	5	8	8	NUM
easat-9654	54	6	:	:	SYM
easat-9654	54	7	1558	1558	NUM
easat-9654	54	8	-	-	SYM
easat-9654	54	9	1579	1579	NUM
easat-9654	54	10	,	,	PUNCT
easat-9654	54	11	2025	2025	NUM
easat-9654	54	12	doi	doi	NOUN
easat-9654	54	13	:	:	PUNCT
easat-9654	54	14	10.55214/2576	10.55214/2576	NUM
easat-9654	54	15	-	-	PUNCT
easat-9654	54	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	54	17	©	©	PROPN
easat-9654	54	18	2025	2025	NUM
easat-9654	54	19	by	by	ADP
easat-9654	54	20	the	the	DET
easat-9654	54	21	authors	author	NOUN
easat-9654	54	22	;	;	PUNCT
easat-9654	54	23	licensee	licensee	PROPN
easat-9654	54	24	learning	learning	NOUN
easat-9654	54	25	gate	gate	NOUN
easat-9654	54	26	(	(	PUNCT
easat-9654	54	27	qris	qris	PROPN
easat-9654	54	28	)	)	PUNCT
easat-9654	54	29	,	,	PUNCT
easat-9654	54	30	the	the	DET
easat-9654	54	31	real	real	ADJ
easat-9654	54	32	-	-	PUNCT
easat-9654	54	33	time	time	NOUN
easat-9654	54	34	payment	payment	NOUN
easat-9654	54	35	infrastructure	infrastructure	NOUN
easat-9654	54	36	bi	bi	NOUN
easat-9654	54	37	-	-	ADJ
easat-9654	54	38	fast	fast	ADJ
easat-9654	54	39	,	,	PUNCT
easat-9654	54	40	and	and	CCONJ
easat-9654	54	41	the	the	DET
easat-9654	54	42	national	national	ADJ
easat-9654	54	43	open	open	ADJ
easat-9654	54	44	api	api	NOUN
easat-9654	54	45	payment	payment	NOUN
easat-9654	54	46	standard	standard	NOUN
easat-9654	54	47	(	(	PUNCT
easat-9654	54	48	snap	snap	PROPN
easat-9654	54	49	)	)	PUNCT
easat-9654	54	50	.	.	PUNCT
easat-9654	55	1	since	since	SCONJ
easat-9654	55	2	the	the	DET
easat-9654	55	3	introduction	introduction	NOUN
easat-9654	55	4	of	of	ADP
easat-9654	55	5	qris	qris	NOUN
easat-9654	55	6	in	in	ADP
easat-9654	55	7	august	august	PROPN
easat-9654	55	8	2019	2019	NUM
easat-9654	55	9	,	,	PUNCT
easat-9654	55	10	as	as	ADP
easat-9654	55	11	of	of	ADP
easat-9654	55	12	september	september	PROPN
easat-9654	55	13	2024	2024	NUM
easat-9654	55	14	,	,	PUNCT
easat-9654	55	15	it	it	PRON
easat-9654	55	16	has	have	AUX
easat-9654	55	17	connected	connect	VERB
easat-9654	55	18	52.55	52.55	NUM
easat-9654	55	19	million	million	NUM
easat-9654	55	20	consumers	consumer	NOUN
easat-9654	55	21	and	and	CCONJ
easat-9654	55	22	33.77	33.77	NUM
easat-9654	55	23	million	million	NUM
easat-9654	55	24	businesses	business	NOUN
easat-9654	55	25	.	.	PUNCT
easat-9654	56	1	with	with	ADP
easat-9654	56	2	transaction	transaction	NOUN
easat-9654	56	3	volume	volume	NOUN
easat-9654	56	4	in	in	ADP
easat-9654	56	5	2023	2023	NUM
easat-9654	56	6	recording	record	VERB
easat-9654	56	7	a	a	DET
easat-9654	56	8	226.54	226.54	NUM
easat-9654	56	9	%	%	NOUN
easat-9654	56	10	year	year	NOUN
easat-9654	56	11	-	-	PUNCT
easat-9654	56	12	on	on	ADP
easat-9654	56	13	-	-	PUNCT
easat-9654	56	14	year	year	NOUN
easat-9654	56	15	increase	increase	NOUN
easat-9654	56	16	[	[	X
easat-9654	56	17	12	12	NUM
easat-9654	56	18	]	]	PUNCT
easat-9654	56	19	.	.	PUNCT
easat-9654	57	1	in	in	ADP
easat-9654	57	2	terms	term	NOUN
easat-9654	57	3	of	of	ADP
easat-9654	57	4	policy	policy	NOUN
easat-9654	57	5	,	,	PUNCT
easat-9654	57	6	the	the	DET
easat-9654	57	7	indonesian	indonesian	ADJ
easat-9654	57	8	government	government	NOUN
easat-9654	57	9	has	have	AUX
easat-9654	57	10	formulated	formulate	VERB
easat-9654	57	11	a	a	DET
easat-9654	57	12	strategy	strategy	NOUN
easat-9654	57	13	for	for	ADP
easat-9654	57	14	the	the	DET
easat-9654	57	15	digital	digital	ADJ
easat-9654	57	16	economy	economy	NOUN
easat-9654	57	17	sector	sector	NOUN
easat-9654	57	18	through	through	ADP
easat-9654	57	19	the	the	DET
easat-9654	57	20	launch	launch	NOUN
easat-9654	57	21	of	of	ADP
easat-9654	57	22	the	the	DET
easat-9654	57	23	digital	digital	ADJ
easat-9654	57	24	indonesia	indonesia	PROPN
easat-9654	57	25	roadmap	roadmap	PROPN
easat-9654	57	26	2021	2021	NUM
easat-9654	57	27	-	-	SYM
easat-9654	57	28	2024	2024	NUM
easat-9654	57	29	[	[	X
easat-9654	57	30	12	12	NUM
easat-9654	57	31	]	]	PUNCT
easat-9654	57	32	.	.	PUNCT
easat-9654	58	1	to	to	PART
easat-9654	58	2	promote	promote	VERB
easat-9654	58	3	the	the	DET
easat-9654	58	4	inclusive	inclusive	ADJ
easat-9654	58	5	transformation	transformation	NOUN
easat-9654	58	6	of	of	ADP
easat-9654	58	7	the	the	DET
easat-9654	58	8	digital	digital	ADJ
easat-9654	58	9	economy	economy	NOUN
easat-9654	58	10	,	,	PUNCT
easat-9654	58	11	the	the	DET
easat-9654	58	12	government	government	NOUN
easat-9654	58	13	established	establish	VERB
easat-9654	58	14	the	the	DET
easat-9654	58	15	p2dd	p2dd	X
easat-9654	58	16	working	work	VERB
easat-9654	58	17	group	group	NOUN
easat-9654	58	18	to	to	PART
easat-9654	58	19	coordinate	coordinate	VERB
easat-9654	58	20	resources	resource	NOUN
easat-9654	58	21	and	and	CCONJ
easat-9654	58	22	formulate	formulate	VERB
easat-9654	58	23	relevant	relevant	ADJ
easat-9654	58	24	policies	policy	NOUN
easat-9654	58	25	,	,	PUNCT
easat-9654	58	26	ensuring	ensure	VERB
easat-9654	58	27	that	that	SCONJ
easat-9654	58	28	the	the	DET
easat-9654	58	29	benefits	benefit	NOUN
easat-9654	58	30	of	of	ADP
easat-9654	58	31	digital	digital	ADJ
easat-9654	58	32	economic	economic	ADJ
easat-9654	58	33	development	development	NOUN
easat-9654	58	34	reach	reach	VERB
easat-9654	58	35	a	a	DET
easat-9654	58	36	broader	broad	ADJ
easat-9654	58	37	segment	segment	NOUN
easat-9654	58	38	of	of	ADP
easat-9654	58	39	the	the	DET
easat-9654	58	40	population	population	NOUN
easat-9654	58	41	.	.	PUNCT
easat-9654	59	1	this	this	DET
easat-9654	59	2	series	series	NOUN
easat-9654	59	3	of	of	ADP
easat-9654	59	4	actions	action	NOUN
easat-9654	59	5	by	by	ADP
easat-9654	59	6	the	the	DET
easat-9654	59	7	government	government	NOUN
easat-9654	59	8	has	have	AUX
easat-9654	59	9	been	be	AUX
easat-9654	59	10	highly	highly	ADV
easat-9654	59	11	successful	successful	ADJ
easat-9654	59	12	,	,	PUNCT
easat-9654	59	13	creating	create	VERB
easat-9654	59	14	a	a	DET
easat-9654	59	15	favorable	favorable	ADJ
easat-9654	59	16	growth	growth	NOUN
easat-9654	59	17	environment	environment	NOUN
easat-9654	59	18	for	for	ADP
easat-9654	59	19	the	the	DET
easat-9654	59	20	fintech	fintech	NOUN
easat-9654	59	21	industry	industry	NOUN
easat-9654	59	22	in	in	ADP
easat-9654	59	23	indonesia	indonesia	PROPN
easat-9654	59	24	.	.	PUNCT
easat-9654	60	1	in	in	ADP
easat-9654	60	2	2023	2023	NUM
easat-9654	60	3	,	,	PUNCT
easat-9654	60	4	the	the	DET
easat-9654	60	5	fintech	fintech	NOUN
easat-9654	60	6	industry	industry	NOUN
easat-9654	60	7	in	in	ADP
easat-9654	60	8	indonesia	indonesia	PROPN
easat-9654	60	9	witnessed	witness	VERB
easat-9654	60	10	a	a	DET
easat-9654	60	11	financial	financial	ADJ
easat-9654	60	12	boom	boom	NOUN
easat-9654	60	13	,	,	PUNCT
easat-9654	60	14	with	with	ADP
easat-9654	60	15	26	26	NUM
easat-9654	60	16	fintech	fintech	NOUN
easat-9654	60	17	companies	company	NOUN
easat-9654	60	18	collectively	collectively	ADV
easat-9654	60	19	raising	raise	VERB
easat-9654	60	20	494	494	NUM
easat-9654	60	21	million	million	NUM
easat-9654	60	22	us	us	PROPN
easat-9654	60	23	dollars	dollar	NOUN
easat-9654	60	24	in	in	ADP
easat-9654	60	25	financing	finance	VERB
easat-9654	60	26	[	[	X
easat-9654	60	27	13	13	NUM
easat-9654	60	28	]	]	PUNCT
easat-9654	60	29	.	.	PUNCT
easat-9654	61	1	meanwhile	meanwhile	ADV
easat-9654	61	2	,	,	PUNCT
easat-9654	61	3	the	the	DET
easat-9654	61	4	participation	participation	NOUN
easat-9654	61	5	of	of	ADP
easat-9654	61	6	chinese	chinese	ADJ
easat-9654	61	7	capital	capital	NOUN
easat-9654	61	8	in	in	ADP
easat-9654	61	9	indonesia	indonesia	PROPN
easat-9654	61	10	's	's	PART
easat-9654	61	11	digital	digital	ADJ
easat-9654	61	12	economy	economy	NOUN
easat-9654	61	13	has	have	AUX
easat-9654	61	14	also	also	ADV
easat-9654	61	15	been	be	AUX
easat-9654	61	16	steadily	steadily	ADV
easat-9654	61	17	increasing	increase	VERB
easat-9654	61	18	.	.	PUNCT
easat-9654	62	1	well	well	ADV
easat-9654	62	2	-	-	PUNCT
easat-9654	62	3	known	know	VERB
easat-9654	62	4	chinese	chinese	ADJ
easat-9654	62	5	enterprises	enterprise	NOUN
easat-9654	62	6	such	such	ADJ
easat-9654	62	7	as	as	ADP
easat-9654	62	8	alibaba	alibaba	PROPN
easat-9654	62	9	and	and	CCONJ
easat-9654	62	10	tencent	tencent	NOUN
easat-9654	62	11	have	have	AUX
easat-9654	62	12	set	set	VERB
easat-9654	62	13	their	their	PRON
easat-9654	62	14	sights	sight	NOUN
easat-9654	62	15	on	on	ADP
easat-9654	62	16	indonesia	indonesia	PROPN
easat-9654	62	17	and	and	CCONJ
easat-9654	62	18	made	make	VERB
easat-9654	62	19	investments	investment	NOUN
easat-9654	62	20	in	in	ADP
easat-9654	62	21	projects	project	NOUN
easat-9654	62	22	such	such	ADJ
easat-9654	62	23	as	as	ADP
easat-9654	62	24	data	datum	NOUN
easat-9654	62	25	centers	center	NOUN
easat-9654	62	26	and	and	CCONJ
easat-9654	62	27	e	e	NOUN
easat-9654	62	28	-	-	NOUN
easat-9654	62	29	wallets	wallet	NOUN
easat-9654	62	30	[	[	PUNCT
easat-9654	62	31	13	13	NUM
easat-9654	62	32	]	]	PUNCT
easat-9654	62	33	.	.	PUNCT
easat-9654	63	1	moreover	moreover	ADV
easat-9654	63	2	,	,	PUNCT
easat-9654	63	3	the	the	DET
easat-9654	63	4	rise	rise	NOUN
easat-9654	63	5	of	of	ADP
easat-9654	63	6	the	the	DET
easat-9654	63	7	fintech	fintech	NOUN
easat-9654	63	8	industry	industry	NOUN
easat-9654	63	9	in	in	ADP
easat-9654	63	10	indonesia	indonesia	PROPN
easat-9654	63	11	is	be	AUX
easat-9654	63	12	driven	drive	VERB
easat-9654	63	13	by	by	ADP
easat-9654	63	14	strong	strong	ADJ
easat-9654	63	15	market	market	NOUN
easat-9654	63	16	demand	demand	NOUN
easat-9654	63	17	.	.	PUNCT
easat-9654	64	1	currently	currently	ADV
easat-9654	64	2	,	,	PUNCT
easat-9654	64	3	approximately	approximately	ADV
easat-9654	64	4	95	95	NUM
easat-9654	64	5	million	million	NUM
easat-9654	64	6	people	people	NOUN
easat-9654	64	7	in	in	ADP
easat-9654	64	8	indonesia	indonesia	PROPN
easat-9654	64	9	do	do	AUX
easat-9654	64	10	not	not	PART
easat-9654	64	11	have	have	VERB
easat-9654	64	12	bank	bank	NOUN
easat-9654	64	13	accounts	account	NOUN
easat-9654	64	14	,	,	PUNCT
easat-9654	64	15	indicating	indicate	VERB
easat-9654	64	16	that	that	SCONJ
easat-9654	64	17	a	a	DET
easat-9654	64	18	significant	significant	ADJ
easat-9654	64	19	portion	portion	NOUN
easat-9654	64	20	of	of	ADP
easat-9654	64	21	the	the	DET
easat-9654	64	22	population	population	NOUN
easat-9654	64	23	faces	face	VERB
easat-9654	64	24	challenges	challenge	NOUN
easat-9654	64	25	in	in	ADP
easat-9654	64	26	accessing	access	VERB
easat-9654	64	27	traditional	traditional	ADJ
easat-9654	64	28	financial	financial	ADJ
easat-9654	64	29	services	service	NOUN
easat-9654	64	30	[	[	X
easat-9654	64	31	14	14	NUM
easat-9654	64	32	]	]	PUNCT
easat-9654	64	33	.	.	PUNCT
easat-9654	65	1	and	and	CCONJ
easat-9654	65	2	,	,	PUNCT
easat-9654	65	3	small	small	ADJ
easat-9654	65	4	and	and	CCONJ
easat-9654	65	5	medium	medium	ADJ
easat-9654	65	6	-	-	PUNCT
easat-9654	65	7	sized	sized	ADJ
easat-9654	65	8	enterprises	enterprise	NOUN
easat-9654	65	9	(	(	PUNCT
easat-9654	65	10	smes	sme	NOUN
easat-9654	65	11	)	)	PUNCT
easat-9654	65	12	are	be	AUX
easat-9654	65	13	confronted	confront	VERB
easat-9654	65	14	with	with	ADP
easat-9654	65	15	a	a	DET
easat-9654	65	16	credit	credit	NOUN
easat-9654	65	17	gap	gap	NOUN
easat-9654	65	18	,	,	PUNCT
easat-9654	65	19	and	and	CCONJ
easat-9654	65	20	traditional	traditional	ADJ
easat-9654	65	21	financial	financial	ADJ
easat-9654	65	22	institutions	institution	NOUN
easat-9654	65	23	are	be	AUX
easat-9654	65	24	unable	unable	ADJ
easat-9654	65	25	to	to	PART
easat-9654	65	26	meet	meet	VERB
easat-9654	65	27	their	their	PRON
easat-9654	65	28	diverse	diverse	ADJ
easat-9654	65	29	financing	financing	NOUN
easat-9654	65	30	needs	need	NOUN
easat-9654	65	31	.	.	PUNCT
easat-9654	66	1	against	against	ADP
easat-9654	66	2	this	this	DET
easat-9654	66	3	backdrop	backdrop	NOUN
easat-9654	66	4	,	,	PUNCT
easat-9654	66	5	p2p	p2p	NOUN
easat-9654	66	6	lending	lending	NOUN
easat-9654	66	7	,	,	PUNCT
easat-9654	66	8	characterized	characterize	VERB
easat-9654	66	9	by	by	ADP
easat-9654	66	10	its	its	PRON
easat-9654	66	11	flexibility	flexibility	NOUN
easat-9654	66	12	and	and	CCONJ
easat-9654	66	13	convenience	convenience	NOUN
easat-9654	66	14	,	,	PUNCT
easat-9654	66	15	has	have	AUX
easat-9654	66	16	emerged	emerge	VERB
easat-9654	66	17	as	as	ADP
easat-9654	66	18	a	a	DET
easat-9654	66	19	viable	viable	ADJ
easat-9654	66	20	solution	solution	NOUN
easat-9654	66	21	to	to	ADP
easat-9654	66	22	the	the	DET
easat-9654	66	23	financing	financing	NOUN
easat-9654	66	24	challenges	challenge	NOUN
easat-9654	66	25	faced	face	VERB
easat-9654	66	26	by	by	ADP
easat-9654	66	27	smes	sme	NOUN
easat-9654	66	28	and	and	CCONJ
easat-9654	66	29	the	the	DET
easat-9654	66	30	financial	financial	ADJ
easat-9654	66	31	service	service	NOUN
easat-9654	66	32	demands	demand	NOUN
easat-9654	66	33	of	of	ADP
easat-9654	66	34	the	the	DET
easat-9654	66	35	unbanked	unbanked	ADJ
easat-9654	66	36	population	population	NOUN
easat-9654	66	37	,	,	PUNCT
easat-9654	66	38	thereby	thereby	ADV
easat-9654	66	39	generating	generate	VERB
easat-9654	66	40	a	a	DET
easat-9654	66	41	substantial	substantial	ADJ
easat-9654	66	42	market	market	NOUN
easat-9654	66	43	demand	demand	NOUN
easat-9654	66	44	for	for	ADP
easat-9654	66	45	p2p	p2p	NOUN
easat-9654	66	46	lending	lend	VERB
easat-9654	66	47	[	[	X
easat-9654	66	48	14	14	NUM
easat-9654	66	49	]	]	PUNCT
easat-9654	66	50	.	.	PUNCT
easat-9654	67	1	since	since	SCONJ
easat-9654	67	2	2020	2020	NUM
easat-9654	67	3	,	,	PUNCT
easat-9654	67	4	indonesia	indonesia	PROPN
easat-9654	67	5	has	have	AUX
easat-9654	67	6	commenced	commence	VERB
easat-9654	67	7	revisions	revision	NOUN
easat-9654	67	8	to	to	ADP
easat-9654	67	9	its	its	PRON
easat-9654	67	10	legislative	legislative	ADJ
easat-9654	67	11	framework	framework	NOUN
easat-9654	67	12	governing	govern	VERB
easat-9654	67	13	internetbased	internetbased	ADJ
easat-9654	67	14	currency	currency	NOUN
easat-9654	67	15	.	.	PUNCT
easat-9654	68	1	these	these	DET
easat-9654	68	2	amendments	amendment	NOUN
easat-9654	68	3	aim	aim	VERB
easat-9654	68	4	to	to	PART
easat-9654	68	5	accommodate	accommodate	VERB
easat-9654	68	6	the	the	DET
easat-9654	68	7	rapid	rapid	ADJ
easat-9654	68	8	evolution	evolution	NOUN
easat-9654	68	9	of	of	ADP
easat-9654	68	10	internet	internet	NOUN
easat-9654	68	11	finance	finance	NOUN
easat-9654	68	12	while	while	SCONJ
easat-9654	68	13	strengthening	strengthen	VERB
easat-9654	68	14	regulatory	regulatory	ADJ
easat-9654	68	15	oversight	oversight	NOUN
easat-9654	68	16	to	to	PART
easat-9654	68	17	protect	protect	VERB
easat-9654	68	18	market	market	NOUN
easat-9654	68	19	integrity	integrity	NOUN
easat-9654	68	20	and	and	CCONJ
easat-9654	68	21	the	the	DET
easat-9654	68	22	rights	right	NOUN
easat-9654	68	23	of	of	ADP
easat-9654	68	24	all	all	DET
easat-9654	68	25	stakeholders	stakeholder	NOUN
easat-9654	68	26	.	.	PUNCT
easat-9654	69	1	in	in	ADP
easat-9654	69	2	2022	2022	NUM
easat-9654	69	3	,	,	PUNCT
easat-9654	69	4	indonesia	indonesia	PROPN
easat-9654	69	5	enacted	enact	VERB
easat-9654	69	6	the	the	DET
easat-9654	69	7	personal	personal	ADJ
easat-9654	69	8	data	data	PROPN
easat-9654	69	9	protection	protection	NOUN
easat-9654	69	10	law	law	NOUN
easat-9654	69	11	concerning	concern	VERB
easat-9654	69	12	data	data	NOUN
easat-9654	69	13	governance	governance	NOUN
easat-9654	69	14	.	.	PUNCT
easat-9654	70	1	this	this	DET
easat-9654	70	2	legislation	legislation	NOUN
easat-9654	70	3	explicitly	explicitly	ADV
easat-9654	70	4	defines	define	VERB
easat-9654	70	5	nine	nine	NUM
easat-9654	70	6	rights	right	NOUN
easat-9654	70	7	of	of	ADP
easat-9654	70	8	data	datum	NOUN
easat-9654	70	9	subjects	subject	NOUN
easat-9654	70	10	,	,	PUNCT
easat-9654	70	11	including	include	VERB
easat-9654	70	12	rights	right	NOUN
easat-9654	70	13	of	of	ADP
easat-9654	70	14	access	access	NOUN
easat-9654	70	15	,	,	PUNCT
easat-9654	70	16	rectification	rectification	NOUN
easat-9654	70	17	,	,	PUNCT
easat-9654	70	18	erasure	erasure	NOUN
easat-9654	70	19	,	,	PUNCT
easat-9654	70	20	objection	objection	NOUN
easat-9654	70	21	to	to	ADP
easat-9654	70	22	automated	automate	VERB
easat-9654	70	23	decision	decision	NOUN
easat-9654	70	24	-	-	PUNCT
easat-9654	70	25	making	making	NOUN
easat-9654	70	26	,	,	PUNCT
easat-9654	70	27	restriction	restriction	NOUN
easat-9654	70	28	of	of	ADP
easat-9654	70	29	processing	processing	NOUN
easat-9654	70	30	,	,	PUNCT
easat-9654	70	31	withdrawal	withdrawal	NOUN
easat-9654	70	32	of	of	ADP
easat-9654	70	33	consent	consent	NOUN
easat-9654	70	34	,	,	PUNCT
easat-9654	70	35	data	datum	NOUN
easat-9654	70	36	portability	portability	NOUN
easat-9654	70	37	,	,	PUNCT
easat-9654	70	38	and	and	CCONJ
easat-9654	70	39	recourse	recourse	VERB
easat-9654	70	40	to	to	ADP
easat-9654	70	41	compensation	compensation	NOUN
easat-9654	70	42	,	,	PUNCT
easat-9654	70	43	thereby	thereby	ADV
easat-9654	70	44	establishing	establish	VERB
easat-9654	70	45	a	a	DET
easat-9654	70	46	definitive	definitive	ADJ
easat-9654	70	47	legal	legal	ADJ
easat-9654	70	48	framework	framework	NOUN
easat-9654	70	49	for	for	ADP
easat-9654	70	50	safeguarding	safeguard	VERB
easat-9654	70	51	data	datum	NOUN
easat-9654	70	52	subjects	subject	NOUN
easat-9654	70	53	'	'	PART
easat-9654	70	54	entitlements	entitlement	NOUN
easat-9654	70	55	.	.	PUNCT
easat-9654	71	1	the	the	DET
easat-9654	71	2	legislation	legislation	NOUN
easat-9654	71	3	establishes	establish	VERB
easat-9654	71	4	two	two	NUM
easat-9654	71	5	mechanisms	mechanism	NOUN
easat-9654	71	6	to	to	PART
easat-9654	71	7	ensure	ensure	VERB
easat-9654	71	8	effective	effective	ADJ
easat-9654	71	9	exercise	exercise	NOUN
easat-9654	71	10	of	of	ADP
easat-9654	71	11	these	these	DET
easat-9654	71	12	rights	right	NOUN
easat-9654	71	13	[	[	X
easat-9654	71	14	15	15	NUM
easat-9654	71	15	]	]	PUNCT
easat-9654	71	16	.	.	PUNCT
easat-9654	72	1	ⅰ.	ⅰ.	X
easat-9654	72	2	civil	civil	ADJ
easat-9654	72	3	litigation	litigation	NOUN
easat-9654	72	4	mechanism	mechanism	NOUN
easat-9654	72	5	:	:	PUNCT
easat-9654	72	6	according	accord	VERB
easat-9654	72	7	to	to	ADP
easat-9654	72	8	article	article	NOUN
easat-9654	72	9	12	12	NUM
easat-9654	72	10	of	of	ADP
easat-9654	72	11	this	this	DET
easat-9654	72	12	legislation	legislation	NOUN
easat-9654	72	13	,	,	PUNCT
easat-9654	72	14	when	when	SCONJ
easat-9654	72	15	data	datum	NOUN
easat-9654	72	16	subjects	subject	NOUN
easat-9654	72	17	encounter	encounter	VERB
easat-9654	72	18	infringement	infringement	NOUN
easat-9654	72	19	during	during	ADP
easat-9654	72	20	the	the	DET
easat-9654	72	21	processing	processing	NOUN
easat-9654	72	22	of	of	ADP
easat-9654	72	23	personal	personal	ADJ
easat-9654	72	24	data	datum	NOUN
easat-9654	72	25	,	,	PUNCT
easat-9654	72	26	they	they	PRON
easat-9654	72	27	can	can	AUX
easat-9654	72	28	seek	seek	VERB
easat-9654	72	29	legal	legal	ADJ
easat-9654	72	30	recourse	recourse	NOUN
easat-9654	72	31	in	in	ADP
easat-9654	72	32	court	court	NOUN
easat-9654	72	33	and	and	CCONJ
easat-9654	72	34	claim	claim	VERB
easat-9654	72	35	compensation	compensation	NOUN
easat-9654	72	36	from	from	ADP
easat-9654	72	37	the	the	DET
easat-9654	72	38	infringing	infringe	VERB
easat-9654	72	39	party	party	NOUN
easat-9654	72	40	.	.	PUNCT
easat-9654	73	1	ⅱ.	ⅱ.	ADV
easat-9654	73	2	this	this	DET
easat-9654	73	3	legislation	legislation	NOUN
easat-9654	73	4	stipulates	stipulate	VERB
easat-9654	73	5	severe	severe	ADJ
easat-9654	73	6	criminal	criminal	ADJ
easat-9654	73	7	penalties	penalty	NOUN
easat-9654	73	8	,	,	PUNCT
easat-9654	73	9	including	include	VERB
easat-9654	73	10	hefty	hefty	ADJ
easat-9654	73	11	fines	fine	NOUN
easat-9654	73	12	and	and	CCONJ
easat-9654	73	13	imprisonment	imprisonment	NOUN
easat-9654	73	14	for	for	ADP
easat-9654	73	15	unauthorized	unauthorized	ADJ
easat-9654	73	16	access	access	NOUN
easat-9654	73	17	,	,	PUNCT
easat-9654	73	18	use	use	NOUN
easat-9654	73	19	or	or	CCONJ
easat-9654	73	20	forgery	forgery	NOUN
easat-9654	73	21	of	of	ADP
easat-9654	73	22	data	datum	NOUN
easat-9654	73	23	.	.	PUNCT
easat-9654	74	1	the	the	DET
easat-9654	74	2	deterrent	deterrent	NOUN
easat-9654	74	3	effect	effect	NOUN
easat-9654	74	4	of	of	ADP
easat-9654	74	5	criminal	criminal	ADJ
easat-9654	74	6	sanctions	sanction	NOUN
easat-9654	74	7	can	can	AUX
easat-9654	74	8	effectively	effectively	ADV
easat-9654	74	9	reduce	reduce	VERB
easat-9654	74	10	illegal	illegal	ADJ
easat-9654	74	11	activities	activity	NOUN
easat-9654	74	12	in	in	ADP
easat-9654	74	13	the	the	DET
easat-9654	74	14	data	data	NOUN
easat-9654	74	15	sector	sector	NOUN
easat-9654	74	16	,	,	PUNCT
easat-9654	74	17	thereby	thereby	ADV
easat-9654	74	18	maintaining	maintain	VERB
easat-9654	74	19	data	data	NOUN
easat-9654	74	20	security	security	NOUN
easat-9654	74	21	and	and	CCONJ
easat-9654	74	22	market	market	NOUN
easat-9654	74	23	order	order	NOUN
easat-9654	74	24	.	.	PUNCT
easat-9654	75	1	in	in	ADP
easat-9654	75	2	2023	2023	NUM
easat-9654	75	3	,	,	PUNCT
easat-9654	75	4	indonesia	indonesia	PROPN
easat-9654	75	5	enacted	enact	VERB
easat-9654	75	6	the	the	DET
easat-9654	75	7	financial	financial	ADJ
easat-9654	75	8	sector	sector	NOUN
easat-9654	75	9	development	development	NOUN
easat-9654	75	10	and	and	CCONJ
easat-9654	75	11	strengthening	strengthen	VERB
easat-9654	75	12	law	law	NOUN
easat-9654	75	13	2023	2023	NUM
easat-9654	75	14	(	(	PUNCT
easat-9654	75	15	undang	undang	PROPN
easat-9654	75	16	-	-	PUNCT
easat-9654	75	17	undang	undang	PROPN
easat-9654	75	18	nomor	nomor	PROPN
easat-9654	75	19	4	4	NUM
easat-9654	75	20	tahun	tahun	PROPN
easat-9654	75	21	2023	2023	NUM
easat-9654	75	22	,	,	PUNCT
easat-9654	75	23	commonly	commonly	ADV
easat-9654	75	24	referred	refer	VERB
easat-9654	75	25	to	to	ADP
easat-9654	75	26	as	as	ADP
easat-9654	75	27	the	the	DET
easat-9654	75	28	"	"	PUNCT
easat-9654	75	29	p2sk	p2sk	NOUN
easat-9654	75	30	law	law	NOUN
easat-9654	75	31	"	"	PUNCT
easat-9654	75	32	)	)	PUNCT
easat-9654	75	33	.	.	PUNCT
easat-9654	76	1	this	this	DET
easat-9654	76	2	legislation	legislation	NOUN
easat-9654	76	3	introduces	introduce	VERB
easat-9654	76	4	significant	significant	ADJ
easat-9654	76	5	provisions	provision	NOUN
easat-9654	76	6	governing	govern	VERB
easat-9654	76	7	financial	financial	ADJ
easat-9654	76	8	technology	technology	NOUN
easat-9654	76	9	innovation	innovation	NOUN
easat-9654	76	10	and	and	CCONJ
easat-9654	76	11	the	the	DET
easat-9654	76	12	regulation	regulation	NOUN
easat-9654	76	13	of	of	ADP
easat-9654	76	14	digital	digital	ADJ
easat-9654	76	15	financial	financial	ADJ
easat-9654	76	16	assets	asset	NOUN
easat-9654	76	17	[	[	X
easat-9654	76	18	16	16	NUM
easat-9654	76	19	]	]	PUNCT
easat-9654	76	20	.	.	PUNCT
easat-9654	77	1	ⅰ.	ⅰ.	X
easat-9654	77	2	regulatory	regulatory	ADJ
easat-9654	77	3	changes	change	NOUN
easat-9654	77	4	:	:	PUNCT
easat-9654	77	5	article	article	NOUN
easat-9654	77	6	8(4	8(4	NUM
easat-9654	77	7	)	)	PUNCT
easat-9654	77	8	stipulates	stipulate	VERB
easat-9654	77	9	that	that	SCONJ
easat-9654	77	10	,	,	PUNCT
easat-9654	77	11	commencing	commence	VERB
easat-9654	77	12	in	in	ADP
easat-9654	77	13	2025	2025	NUM
easat-9654	77	14	,	,	PUNCT
easat-9654	77	15	the	the	DET
easat-9654	77	16	financial	financial	ADJ
easat-9654	77	17	services	service	NOUN
easat-9654	77	18	authority	authority	NOUN
easat-9654	77	19	(	(	PUNCT
easat-9654	77	20	ojk	ojk	NOUN
easat-9654	77	21	)	)	PUNCT
easat-9654	77	22	shall	shall	AUX
easat-9654	77	23	oversee	oversee	VERB
easat-9654	77	24	regulatory	regulatory	ADJ
easat-9654	77	25	oversight	oversight	NOUN
easat-9654	77	26	of	of	ADP
easat-9654	77	27	technological	technological	ADJ
easat-9654	77	28	innovations	innovation	NOUN
easat-9654	77	29	in	in	ADP
easat-9654	77	30	the	the	DET
easat-9654	77	31	financial	financial	ADJ
easat-9654	77	32	sector	sector	NOUN
easat-9654	77	33	(	(	PUNCT
easat-9654	77	34	itsk	itsk	NOUN
easat-9654	77	35	)	)	PUNCT
easat-9654	77	36	,	,	PUNCT
easat-9654	77	37	encompassing	encompass	VERB
easat-9654	77	38	crypto	crypto	NOUN
easat-9654	77	39	assets	asset	NOUN
easat-9654	77	40	and	and	CCONJ
easat-9654	77	41	digital	digital	ADJ
easat-9654	77	42	financial	financial	ADJ
easat-9654	77	43	assets	asset	NOUN
easat-9654	77	44	,	,	PUNCT
easat-9654	77	45	including	include	VERB
easat-9654	77	46	cryptocurrencies	cryptocurrencie	NOUN
easat-9654	77	47	.	.	PUNCT
easat-9654	78	1	article	article	NOUN
easat-9654	78	2	312(1	312(1	NUM
easat-9654	78	3	)	)	PUNCT
easat-9654	78	4	mandates	mandate	NOUN
easat-9654	78	5	that	that	PRON
easat-9654	78	6	relevant	relevant	ADJ
easat-9654	78	7	regulatory	regulatory	ADJ
easat-9654	78	8	responsibilities	responsibility	NOUN
easat-9654	78	9	must	must	AUX
easat-9654	78	10	be	be	AUX
easat-9654	78	11	fulfilled	fulfil	VERB
easat-9654	78	12	within	within	ADP
easat-9654	78	13	24	24	NUM
easat-9654	78	14	months	month	NOUN
easat-9654	78	15	after	after	SCONJ
easat-9654	78	16	the	the	DET
easat-9654	78	17	1561	1561	NUM
easat-9654	78	18	edelweiss	edelweiss	PROPN
easat-9654	78	19	applied	apply	VERB
easat-9654	78	20	science	science	NOUN
easat-9654	78	21	and	and	CCONJ
easat-9654	78	22	technology	technology	NOUN
easat-9654	78	23	issn	issn	PROPN
easat-9654	78	24	:	:	PUNCT
easat-9654	78	25	2576	2576	NUM
easat-9654	78	26	-	-	SYM
easat-9654	78	27	8484	8484	NUM
easat-9654	78	28	vol	vol	NOUN
easat-9654	78	29	.	.	PROPN
easat-9654	78	30	9	9	NUM
easat-9654	78	31	,	,	PUNCT
easat-9654	78	32	no	no	INTJ
easat-9654	78	33	.	.	NOUN
easat-9654	78	34	8	8	NUM
easat-9654	78	35	:	:	SYM
easat-9654	78	36	1558	1558	NUM
easat-9654	78	37	-	-	SYM
easat-9654	78	38	1579	1579	NUM
easat-9654	78	39	,	,	PUNCT
easat-9654	78	40	2025	2025	NUM
easat-9654	78	41	doi	doi	NOUN
easat-9654	78	42	:	:	PUNCT
easat-9654	78	43	10.55214/2576	10.55214/2576	NUM
easat-9654	78	44	-	-	PUNCT
easat-9654	78	45	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	78	46	©	©	PROPN
easat-9654	78	47	2025	2025	NUM
easat-9654	78	48	by	by	ADP
easat-9654	78	49	the	the	DET
easat-9654	78	50	authors	author	NOUN
easat-9654	78	51	;	;	PUNCT
easat-9654	78	52	licensee	licensee	PROPN
easat-9654	78	53	learning	learning	NOUN
easat-9654	78	54	gate	gate	PROPN
easat-9654	78	55	enactment	enactment	NOUN
easat-9654	78	56	of	of	ADP
easat-9654	78	57	this	this	DET
easat-9654	78	58	bill	bill	NOUN
easat-9654	78	59	,	,	PUNCT
easat-9654	78	60	with	with	ADP
easat-9654	78	61	the	the	DET
easat-9654	78	62	regulatory	regulatory	ADJ
easat-9654	78	63	authority	authority	NOUN
easat-9654	78	64	for	for	ADP
easat-9654	78	65	crypto	crypto	ADJ
easat-9654	78	66	assets	asset	NOUN
easat-9654	78	67	formally	formally	ADV
easat-9654	78	68	transitioning	transition	VERB
easat-9654	78	69	from	from	ADP
easat-9654	78	70	the	the	DET
easat-9654	78	71	commodity	commodity	NOUN
easat-9654	78	72	futures	future	NOUN
easat-9654	78	73	trading	trade	VERB
easat-9654	78	74	regulatory	regulatory	ADJ
easat-9654	78	75	agency	agency	NOUN
easat-9654	78	76	(	(	PUNCT
easat-9654	78	77	bappebti	bappebti	PROPN
easat-9654	78	78	)	)	PUNCT
easat-9654	78	79	to	to	ADP
easat-9654	78	80	the	the	DET
easat-9654	78	81	ojk	ojk	NOUN
easat-9654	78	82	in	in	ADP
easat-9654	78	83	january	january	PROPN
easat-9654	78	84	2025	2025	NUM
easat-9654	78	85	.	.	PUNCT
easat-9654	79	1	ⅱ.specialized	ⅱ.specialize	VERB
easat-9654	79	2	regulatory	regulatory	ADJ
easat-9654	79	3	framework	framework	NOUN
easat-9654	79	4	:	:	PUNCT
easat-9654	79	5	the	the	DET
easat-9654	79	6	ojk	ojk	NOUN
easat-9654	79	7	has	have	AUX
easat-9654	79	8	promulgated	promulgate	VERB
easat-9654	79	9	several	several	ADJ
easat-9654	79	10	specialized	specialized	ADJ
easat-9654	79	11	regulations	regulation	NOUN
easat-9654	79	12	to	to	PART
easat-9654	79	13	enhance	enhance	VERB
easat-9654	79	14	regulatory	regulatory	ADJ
easat-9654	79	15	obligations	obligation	NOUN
easat-9654	79	16	.	.	PUNCT
easat-9654	80	1	regulation	regulation	NOUN
easat-9654	80	2	no	no	INTJ
easat-9654	81	1	.	.	NOUN
easat-9654	82	1	10	10	NUM
easat-9654	82	2	/	/	SYM
easat-9654	82	3	pojk.05/2022	pojk.05/2022	PROPN
easat-9654	82	4	governs	govern	VERB
easat-9654	82	5	the	the	DET
easat-9654	82	6	operations	operation	NOUN
easat-9654	82	7	of	of	ADP
easat-9654	82	8	financial	financial	ADJ
easat-9654	82	9	institutions	institution	NOUN
easat-9654	82	10	and	and	CCONJ
easat-9654	82	11	mitigates	mitigate	VERB
easat-9654	82	12	financial	financial	ADJ
easat-9654	82	13	risks	risk	NOUN
easat-9654	82	14	through	through	ADP
easat-9654	82	15	requirements	requirement	NOUN
easat-9654	82	16	such	such	ADJ
easat-9654	82	17	as	as	ADP
easat-9654	82	18	minimum	minimum	ADJ
easat-9654	82	19	capital	capital	NOUN
easat-9654	82	20	,	,	PUNCT
easat-9654	82	21	shareholder	shareholder	NOUN
easat-9654	82	22	lock	lock	NOUN
easat-9654	82	23	-	-	PUNCT
easat-9654	82	24	up	up	ADP
easat-9654	82	25	periods	period	NOUN
easat-9654	82	26	,	,	PUNCT
easat-9654	82	27	and	and	CCONJ
easat-9654	82	28	lending	lending	NOUN
easat-9654	82	29	restrictions	restriction	NOUN
easat-9654	82	30	.	.	PUNCT
easat-9654	83	1	regulation	regulation	NOUN
easat-9654	83	2	no	no	INTJ
easat-9654	83	3	.	.	PUNCT
easat-9654	84	1	40/2024	40/2024	NUM
easat-9654	84	2	,	,	PUNCT
easat-9654	84	3	effective	effective	ADJ
easat-9654	84	4	december	december	PROPN
easat-9654	84	5	2024	2024	NUM
easat-9654	84	6	,	,	PUNCT
easat-9654	84	7	significantly	significantly	ADV
easat-9654	84	8	relaxes	relax	VERB
easat-9654	84	9	restrictions	restriction	NOUN
easat-9654	84	10	on	on	ADP
easat-9654	84	11	foreign	foreign	ADJ
easat-9654	84	12	ownership	ownership	NOUN
easat-9654	84	13	,	,	PUNCT
easat-9654	84	14	permitting	permit	VERB
easat-9654	84	15	cooperatives	cooperative	NOUN
easat-9654	84	16	to	to	PART
easat-9654	84	17	operate	operate	VERB
easat-9654	84	18	peer	peer	NOUN
easat-9654	84	19	-	-	PUNCT
easat-9654	84	20	topeer	topeer	NOUN
easat-9654	84	21	(	(	PUNCT
easat-9654	84	22	p2p	p2p	NOUN
easat-9654	84	23	)	)	PUNCT
easat-9654	84	24	lending	lending	NOUN
easat-9654	84	25	enterprises	enterprise	NOUN
easat-9654	84	26	.	.	PUNCT
easat-9654	85	1	concurrently	concurrently	ADV
easat-9654	85	2	,	,	PUNCT
easat-9654	85	3	it	it	PRON
easat-9654	85	4	elevates	elevate	VERB
easat-9654	85	5	capital	capital	NOUN
easat-9654	85	6	adequacy	adequacy	NOUN
easat-9654	85	7	ratio	ratio	NOUN
easat-9654	85	8	standards	standard	NOUN
easat-9654	85	9	,	,	PUNCT
easat-9654	85	10	mandates	mandate	VERB
easat-9654	85	11	disclosure	disclosure	NOUN
easat-9654	85	12	of	of	ADP
easat-9654	85	13	ultimate	ultimate	ADJ
easat-9654	85	14	beneficial	beneficial	ADJ
easat-9654	85	15	owner	owner	NOUN
easat-9654	85	16	information	information	NOUN
easat-9654	85	17	by	by	ADP
easat-9654	85	18	financial	financial	ADJ
easat-9654	85	19	institutions	institution	NOUN
easat-9654	85	20	,	,	PUNCT
easat-9654	85	21	establishes	establish	VERB
easat-9654	85	22	individual	individual	ADJ
easat-9654	85	23	platform	platform	NOUN
easat-9654	85	24	lending	lending	NOUN
easat-9654	85	25	limits	limit	NOUN
easat-9654	85	26	,	,	PUNCT
easat-9654	85	27	and	and	CCONJ
easat-9654	85	28	prohibits	prohibit	VERB
easat-9654	85	29	aggressive	aggressive	ADJ
easat-9654	85	30	collection	collection	NOUN
easat-9654	85	31	practices	practice	NOUN
easat-9654	85	32	[	[	X
easat-9654	85	33	17	17	NUM
easat-9654	85	34	]	]	PUNCT
easat-9654	85	35	furthermore	furthermore	ADV
easat-9654	85	36	,	,	PUNCT
easat-9654	85	37	in	in	ADP
easat-9654	85	38	the	the	DET
easat-9654	85	39	realm	realm	NOUN
easat-9654	85	40	of	of	ADP
easat-9654	85	41	anti	anti	ADJ
easat-9654	85	42	-	-	ADJ
easat-9654	85	43	fraud	fraud	ADJ
easat-9654	85	44	measures	measure	NOUN
easat-9654	85	45	,	,	PUNCT
easat-9654	85	46	indonesia	indonesia	PROPN
easat-9654	85	47	promulgated	promulgate	VERB
easat-9654	85	48	the	the	DET
easat-9654	85	49	"	"	PUNCT
easat-9654	85	50	regulation	regulation	NOUN
easat-9654	85	51	on	on	ADP
easat-9654	85	52	the	the	DET
easat-9654	85	53	implementation	implementation	NOUN
easat-9654	85	54	of	of	ADP
easat-9654	85	55	anti	anti	ADJ
easat-9654	85	56	-	-	ADJ
easat-9654	85	57	fraud	fraud	ADJ
easat-9654	85	58	strategies	strategy	NOUN
easat-9654	85	59	"	"	PUNCT
easat-9654	85	60	in	in	ADP
easat-9654	85	61	2024	2024	NUM
easat-9654	85	62	.	.	PUNCT
easat-9654	86	1	this	this	DET
easat-9654	86	2	legislation	legislation	NOUN
easat-9654	86	3	authorizes	authorize	VERB
easat-9654	86	4	the	the	DET
easat-9654	86	5	establishment	establishment	NOUN
easat-9654	86	6	of	of	ADP
easat-9654	86	7	a	a	DET
easat-9654	86	8	dedicated	dedicated	ADJ
easat-9654	86	9	unit	unit	NOUN
easat-9654	86	10	or	or	CCONJ
easat-9654	86	11	role	role	NOUN
easat-9654	86	12	responsible	responsible	ADJ
easat-9654	86	13	for	for	ADP
easat-9654	86	14	executing	execute	VERB
easat-9654	86	15	anti	anti	ADJ
easat-9654	86	16	-	-	ADJ
easat-9654	86	17	fraud	fraud	ADJ
easat-9654	86	18	initiatives	initiative	NOUN
easat-9654	86	19	.	.	PUNCT
easat-9654	87	1	this	this	DET
easat-9654	87	2	measure	measure	NOUN
easat-9654	87	3	establishes	establish	VERB
easat-9654	87	4	a	a	DET
easat-9654	87	5	comprehensive	comprehensive	ADJ
easat-9654	87	6	anti	anti	ADJ
easat-9654	87	7	-	-	ADJ
easat-9654	87	8	fraud	fraud	ADJ
easat-9654	87	9	framework	framework	NOUN
easat-9654	87	10	,	,	PUNCT
easat-9654	87	11	enhancing	enhance	VERB
easat-9654	87	12	the	the	DET
easat-9654	87	13	efficiency	efficiency	NOUN
easat-9654	87	14	and	and	CCONJ
easat-9654	87	15	effectiveness	effectiveness	NOUN
easat-9654	87	16	of	of	ADP
easat-9654	87	17	anti	anti	ADJ
easat-9654	87	18	-	-	ADJ
easat-9654	87	19	fraud	fraud	ADJ
easat-9654	87	20	efforts	effort	NOUN
easat-9654	87	21	.	.	PUNCT
easat-9654	88	1	simultaneously	simultaneously	ADV
easat-9654	88	2	,	,	PUNCT
easat-9654	88	3	it	it	PRON
easat-9654	88	4	effectively	effectively	ADV
easat-9654	88	5	combats	combat	VERB
easat-9654	88	6	various	various	ADJ
easat-9654	88	7	fraudulent	fraudulent	ADJ
easat-9654	88	8	activities	activity	NOUN
easat-9654	88	9	in	in	ADP
easat-9654	88	10	indonesia	indonesia	PROPN
easat-9654	88	11	,	,	PUNCT
easat-9654	88	12	safeguarding	safeguard	VERB
easat-9654	88	13	the	the	DET
easat-9654	88	14	integrity	integrity	NOUN
easat-9654	88	15	of	of	ADP
easat-9654	88	16	financial	financial	ADJ
easat-9654	88	17	markets	market	NOUN
easat-9654	88	18	and	and	CCONJ
easat-9654	88	19	social	social	ADJ
easat-9654	88	20	stability	stability	NOUN
easat-9654	88	21	.	.	PUNCT
easat-9654	89	1	2.2	2.2	NUM
easat-9654	89	2	.	.	PUNCT
easat-9654	89	3	latest	late	ADJ
easat-9654	89	4	changes	change	NOUN
easat-9654	89	5	in	in	ADP
easat-9654	89	6	foreign	foreign	ADJ
easat-9654	89	7	investment	investment	NOUN
easat-9654	89	8	access	access	NOUN
easat-9654	89	9	,	,	PUNCT
easat-9654	89	10	shareholding	shareholding	NOUN
easat-9654	89	11	ratios	ratio	NOUN
easat-9654	89	12	and	and	CCONJ
easat-9654	89	13	regulatory	regulatory	ADJ
easat-9654	89	14	systems	system	NOUN
easat-9654	89	15	in	in	ADP
easat-9654	89	16	terms	term	NOUN
easat-9654	89	17	of	of	ADP
easat-9654	89	18	foreign	foreign	ADJ
easat-9654	89	19	investment	investment	NOUN
easat-9654	89	20	access	access	NOUN
easat-9654	89	21	,	,	PUNCT
easat-9654	89	22	indonesia	indonesia	PROPN
easat-9654	89	23	has	have	AUX
easat-9654	89	24	adopted	adopt	VERB
easat-9654	89	25	a	a	DET
easat-9654	89	26	dual	dual	ADJ
easat-9654	89	27	-	-	PUNCT
easat-9654	89	28	track	track	NOUN
easat-9654	89	29	approach	approach	NOUN
easat-9654	89	30	,	,	PUNCT
easat-9654	89	31	combining	combine	VERB
easat-9654	89	32	different	different	ADJ
easat-9654	89	33	regulatory	regulatory	ADJ
easat-9654	89	34	and	and	CCONJ
easat-9654	89	35	equity	equity	NOUN
easat-9654	89	36	restrictions	restriction	NOUN
easat-9654	89	37	to	to	PART
easat-9654	89	38	manage	manage	VERB
easat-9654	89	39	foreign	foreign	ADJ
easat-9654	89	40	participation	participation	NOUN
easat-9654	89	41	in	in	ADP
easat-9654	89	42	the	the	DET
easat-9654	89	43	internet	internet	NOUN
easat-9654	89	44	finance	finance	NOUN
easat-9654	89	45	industry	industry	NOUN
easat-9654	89	46	.	.	PUNCT
easat-9654	90	1	different	different	ADJ
easat-9654	90	2	regulatory	regulatory	ADJ
easat-9654	90	3	bodies	body	NOUN
easat-9654	90	4	oversee	oversee	VERB
easat-9654	90	5	different	different	ADJ
easat-9654	90	6	company	company	NOUN
easat-9654	90	7	sectors	sector	NOUN
easat-9654	90	8	and	and	CCONJ
easat-9654	90	9	enforce	enforce	VERB
easat-9654	90	10	different	different	ADJ
easat-9654	90	11	equity	equity	NOUN
easat-9654	90	12	restriction	restriction	NOUN
easat-9654	90	13	regulations	regulation	NOUN
easat-9654	90	14	.	.	PUNCT
easat-9654	91	1	additionally	additionally	ADV
easat-9654	91	2	,	,	PUNCT
easat-9654	91	3	the	the	DET
easat-9654	91	4	bi	bi	NOUN
easat-9654	91	5	plays	play	VERB
easat-9654	91	6	a	a	DET
easat-9654	91	7	crucial	crucial	ADJ
easat-9654	91	8	role	role	NOUN
easat-9654	91	9	in	in	ADP
easat-9654	91	10	the	the	DET
easat-9654	91	11	payment	payment	NOUN
easat-9654	91	12	industry	industry	NOUN
easat-9654	91	13	.	.	PUNCT
easat-9654	92	1	the	the	DET
easat-9654	92	2	foreign	foreign	ADJ
easat-9654	92	3	equity	equity	NOUN
easat-9654	92	4	cap	cap	NOUN
easat-9654	92	5	for	for	ADP
easat-9654	92	6	electronic	electronic	ADJ
easat-9654	92	7	money	money	NOUN
easat-9654	92	8	institutions	institution	NOUN
easat-9654	92	9	is	be	AUX
easat-9654	92	10	49	49	NUM
easat-9654	92	11	%	%	NOUN
easat-9654	92	12	,	,	PUNCT
easat-9654	92	13	while	while	SCONJ
easat-9654	92	14	the	the	DET
easat-9654	92	15	restrictions	restriction	NOUN
easat-9654	92	16	for	for	ADP
easat-9654	92	17	clearing	clearing	NOUN
easat-9654	92	18	and	and	CCONJ
easat-9654	92	19	settlement	settlement	NOUN
easat-9654	92	20	institutions	institution	NOUN
easat-9654	92	21	are	be	AUX
easat-9654	92	22	more	more	ADV
easat-9654	92	23	stringent	stringent	ADJ
easat-9654	92	24	,	,	PUNCT
easat-9654	92	25	with	with	ADP
easat-9654	92	26	a	a	DET
easat-9654	92	27	foreign	foreign	ADJ
easat-9654	92	28	equity	equity	NOUN
easat-9654	92	29	cap	cap	NOUN
easat-9654	92	30	of	of	ADP
easat-9654	92	31	20	20	NUM
easat-9654	92	32	%	%	NOUN
easat-9654	92	33	[	[	X
easat-9654	92	34	18	18	NUM
easat-9654	92	35	]	]	PUNCT
easat-9654	92	36	.	.	PUNCT
easat-9654	93	1	at	at	ADP
easat-9654	93	2	the	the	DET
easat-9654	93	3	same	same	ADJ
easat-9654	93	4	time	time	NOUN
easat-9654	93	5	,	,	PUNCT
easat-9654	93	6	local	local	ADJ
easat-9654	93	7	board	board	NOUN
easat-9654	93	8	members	member	NOUN
easat-9654	93	9	must	must	AUX
easat-9654	93	10	hold	hold	VERB
easat-9654	93	11	the	the	DET
easat-9654	93	12	majority	majority	NOUN
easat-9654	93	13	of	of	ADP
easat-9654	93	14	seats	seat	NOUN
easat-9654	93	15	on	on	ADP
easat-9654	93	16	the	the	DET
easat-9654	93	17	board	board	NOUN
easat-9654	93	18	.	.	PUNCT
easat-9654	94	1	moreover	moreover	ADV
easat-9654	94	2	,	,	PUNCT
easat-9654	94	3	innovative	innovative	ADJ
easat-9654	94	4	enterprises	enterprise	NOUN
easat-9654	94	5	including	include	VERB
easat-9654	94	6	credit	credit	NOUN
easat-9654	94	7	and	and	CCONJ
easat-9654	94	8	insurance	insurance	NOUN
easat-9654	94	9	are	be	AUX
easat-9654	94	10	managed	manage	VERB
easat-9654	94	11	by	by	ADP
easat-9654	94	12	the	the	DET
easat-9654	94	13	ojk	ojk	NOUN
easat-9654	94	14	.	.	PUNCT
easat-9654	95	1	in	in	ADP
easat-9654	95	2	many	many	ADJ
easat-9654	95	3	industries	industry	NOUN
easat-9654	95	4	,	,	PUNCT
easat-9654	95	5	such	such	ADJ
easat-9654	95	6	as	as	ADP
easat-9654	95	7	the	the	DET
easat-9654	95	8	p2p	p2p	NOUN
easat-9654	95	9	lending	lending	NOUN
easat-9654	95	10	industry	industry	NOUN
easat-9654	95	11	,	,	PUNCT
easat-9654	95	12	the	the	DET
easat-9654	95	13	maximum	maximum	ADJ
easat-9654	95	14	foreign	foreign	ADJ
easat-9654	95	15	shareholding	shareholding	NOUN
easat-9654	95	16	ratio	ratio	NOUN
easat-9654	95	17	set	set	VERB
easat-9654	95	18	by	by	ADP
easat-9654	95	19	the	the	DET
easat-9654	95	20	ojk	ojk	NOUN
easat-9654	95	21	may	may	AUX
easat-9654	95	22	reach	reach	VERB
easat-9654	95	23	85	85	NUM
easat-9654	95	24	%	%	NOUN
easat-9654	95	25	.	.	PUNCT
easat-9654	96	1	however	however	ADV
easat-9654	96	2	,	,	PUNCT
easat-9654	96	3	foreign	foreign	ADJ
easat-9654	96	4	entry	entry	NOUN
easat-9654	96	5	must	must	AUX
easat-9654	96	6	be	be	AUX
easat-9654	96	7	subject	subject	ADJ
easat-9654	96	8	to	to	ADP
easat-9654	96	9	three	three	NUM
easat-9654	96	10	basic	basic	ADJ
easat-9654	96	11	restrictions	restriction	NOUN
easat-9654	96	12	[	[	X
easat-9654	96	13	19	19	NUM
easat-9654	96	14	]	]	PUNCT
easat-9654	96	15	.	.	PUNCT
easat-9654	97	1	a.	a.	NOUN
easat-9654	98	1	the	the	DET
easat-9654	98	2	principle	principle	NOUN
easat-9654	98	3	of	of	ADP
easat-9654	98	4	business	business	NOUN
easat-9654	98	5	isolation	isolation	NOUN
easat-9654	98	6	stipulates	stipulate	VERB
easat-9654	98	7	that	that	SCONJ
easat-9654	98	8	p2p	p2p	NOUN
easat-9654	98	9	networks	network	NOUN
easat-9654	98	10	only	only	ADV
easat-9654	98	11	serve	serve	VERB
easat-9654	98	12	as	as	ADP
easat-9654	98	13	information	information	NOUN
easat-9654	98	14	intermediaries	intermediary	NOUN
easat-9654	98	15	and	and	CCONJ
easat-9654	98	16	are	be	AUX
easat-9654	98	17	prohibited	prohibit	VERB
easat-9654	98	18	from	from	ADP
easat-9654	98	19	engaging	engage	VERB
easat-9654	98	20	in	in	ADP
easat-9654	98	21	self	self	NOUN
easat-9654	98	22	-	-	PUNCT
easat-9654	98	23	operated	operate	VERB
easat-9654	98	24	lending	lending	NOUN
easat-9654	98	25	or	or	CCONJ
easat-9654	98	26	guarantee	guarantee	NOUN
easat-9654	98	27	services	service	NOUN
easat-9654	98	28	.	.	PUNCT
easat-9654	99	1	additionally	additionally	ADV
easat-9654	99	2	,	,	PUNCT
easat-9654	99	3	borrowers	borrower	NOUN
easat-9654	99	4	must	must	AUX
easat-9654	99	5	be	be	AUX
easat-9654	99	6	local	local	ADJ
easat-9654	99	7	companies	company	NOUN
easat-9654	99	8	in	in	ADP
easat-9654	99	9	indonesia	indonesia	PROPN
easat-9654	99	10	to	to	PART
easat-9654	99	11	ensure	ensure	VERB
easat-9654	99	12	business	business	NOUN
easat-9654	99	13	compliance	compliance	NOUN
easat-9654	99	14	and	and	CCONJ
easat-9654	99	15	effective	effective	ADJ
easat-9654	99	16	risk	risk	NOUN
easat-9654	99	17	management	management	NOUN
easat-9654	99	18	.	.	PUNCT
easat-9654	100	1	b.	b.	PROPN
easat-9654	100	2	localization	localization	NOUN
easat-9654	100	3	compliance	compliance	NOUN
easat-9654	100	4	requirements	requirement	NOUN
easat-9654	100	5	:	:	PUNCT
easat-9654	100	6	to	to	PART
easat-9654	100	7	ensure	ensure	VERB
easat-9654	100	8	data	datum	NOUN
easat-9654	100	9	security	security	NOUN
easat-9654	100	10	and	and	CCONJ
easat-9654	100	11	regulatory	regulatory	ADJ
easat-9654	100	12	efficiency	efficiency	NOUN
easat-9654	100	13	,	,	PUNCT
easat-9654	100	14	the	the	DET
easat-9654	100	15	relevant	relevant	ADJ
easat-9654	100	16	data	data	NOUN
easat-9654	100	17	centers	center	NOUN
easat-9654	100	18	must	must	AUX
easat-9654	100	19	be	be	AUX
easat-9654	100	20	entirely	entirely	ADV
easat-9654	100	21	located	locate	VERB
easat-9654	100	22	within	within	ADP
easat-9654	100	23	the	the	DET
easat-9654	100	24	territory	territory	NOUN
easat-9654	100	25	of	of	ADP
easat-9654	100	26	indonesia	indonesia	PROPN
easat-9654	100	27	.	.	PUNCT
easat-9654	101	1	at	at	ADP
easat-9654	101	2	the	the	DET
easat-9654	101	3	same	same	ADJ
easat-9654	101	4	time	time	NOUN
easat-9654	101	5	,	,	PUNCT
easat-9654	101	6	financial	financial	ADJ
easat-9654	101	7	transactions	transaction	NOUN
easat-9654	101	8	must	must	AUX
easat-9654	101	9	be	be	AUX
easat-9654	101	10	conducted	conduct	VERB
easat-9654	101	11	through	through	ADP
easat-9654	101	12	the	the	DET
easat-9654	101	13	regulatory	regulatory	ADJ
easat-9654	101	14	accounts	account	NOUN
easat-9654	101	15	of	of	ADP
easat-9654	101	16	local	local	ADJ
easat-9654	101	17	banks	bank	NOUN
easat-9654	101	18	to	to	PART
easat-9654	101	19	ensure	ensure	VERB
easat-9654	101	20	transparent	transparent	ADJ
easat-9654	101	21	and	and	CCONJ
easat-9654	101	22	traceable	traceable	ADJ
easat-9654	101	23	capital	capital	NOUN
easat-9654	101	24	flows	flow	NOUN
easat-9654	101	25	.	.	PUNCT
easat-9654	102	1	additionally	additionally	ADV
easat-9654	102	2	,	,	PUNCT
easat-9654	102	3	local	local	ADJ
easat-9654	102	4	financial	financial	ADJ
easat-9654	102	5	experts	expert	NOUN
easat-9654	102	6	in	in	ADP
easat-9654	102	7	indonesia	indonesia	PROPN
easat-9654	102	8	must	must	AUX
easat-9654	102	9	be	be	AUX
easat-9654	102	10	involved	involve	VERB
easat-9654	102	11	in	in	ADP
easat-9654	102	12	the	the	DET
easat-9654	102	13	management	management	NOUN
easat-9654	102	14	team	team	NOUN
easat-9654	102	15	to	to	PART
easat-9654	102	16	ensure	ensure	VERB
easat-9654	102	17	the	the	DET
easat-9654	102	18	compliance	compliance	NOUN
easat-9654	102	19	efficiency	efficiency	NOUN
easat-9654	102	20	of	of	ADP
easat-9654	102	21	the	the	DET
easat-9654	102	22	company	company	NOUN
easat-9654	102	23	's	's	PART
easat-9654	102	24	operations	operation	NOUN
easat-9654	102	25	.	.	PUNCT
easat-9654	103	1	c.	c.	PROPN
easat-9654	103	2	equity	equity	NOUN
easat-9654	103	3	structure	structure	NOUN
easat-9654	103	4	restrictions	restriction	NOUN
easat-9654	103	5	:	:	PUNCT
easat-9654	103	6	when	when	SCONJ
easat-9654	103	7	the	the	DET
easat-9654	103	8	foreign	foreign	ADJ
easat-9654	103	9	shareholding	shareholding	NOUN
easat-9654	103	10	ratio	ratio	NOUN
easat-9654	103	11	reaches	reach	VERB
easat-9654	103	12	85	85	NUM
easat-9654	103	13	%	%	NOUN
easat-9654	103	14	,	,	PUNCT
easat-9654	103	15	domestic	domestic	ADJ
easat-9654	103	16	partners	partner	NOUN
easat-9654	103	17	must	must	AUX
easat-9654	103	18	maintain	maintain	VERB
easat-9654	103	19	at	at	ADV
easat-9654	103	20	least	least	ADV
easat-9654	103	21	51	51	NUM
easat-9654	103	22	%	%	NOUN
easat-9654	103	23	of	of	ADP
easat-9654	103	24	the	the	DET
easat-9654	103	25	voting	voting	NOUN
easat-9654	103	26	rights	right	NOUN
easat-9654	103	27	(	(	PUNCT
easat-9654	103	28	a	a	DET
easat-9654	103	29	new	new	ADJ
easat-9654	103	30	regulation	regulation	NOUN
easat-9654	103	31	in	in	ADP
easat-9654	103	32	2024	2024	NUM
easat-9654	103	33	)	)	PUNCT
easat-9654	103	34	to	to	PART
easat-9654	103	35	ensure	ensure	VERB
easat-9654	103	36	representation	representation	NOUN
easat-9654	103	37	of	of	ADP
easat-9654	103	38	local	local	ADJ
easat-9654	103	39	interests	interest	NOUN
easat-9654	103	40	in	in	ADP
easat-9654	103	41	major	major	ADJ
easat-9654	103	42	decisions	decision	NOUN
easat-9654	103	43	.	.	PUNCT
easat-9654	104	1	in	in	ADP
easat-9654	104	2	terms	term	NOUN
easat-9654	104	3	of	of	ADP
easat-9654	104	4	procedures	procedure	NOUN
easat-9654	104	5	,	,	PUNCT
easat-9654	104	6	the	the	DET
easat-9654	104	7	process	process	NOUN
easat-9654	104	8	for	for	ADP
easat-9654	104	9	foreign	foreign	ADJ
easat-9654	104	10	capital	capital	NOUN
easat-9654	104	11	to	to	PART
easat-9654	104	12	enter	enter	VERB
easat-9654	104	13	indonesia	indonesia	PROPN
easat-9654	104	14	's	's	PART
easat-9654	104	15	internet	internet	NOUN
easat-9654	104	16	finance	finance	NOUN
easat-9654	104	17	business	business	NOUN
easat-9654	104	18	is	be	AUX
easat-9654	104	19	complex	complex	ADJ
easat-9654	104	20	and	and	CCONJ
easat-9654	104	21	strict	strict	ADJ
easat-9654	104	22	.	.	PUNCT
easat-9654	105	1	as	as	SCONJ
easat-9654	105	2	can	can	AUX
easat-9654	105	3	be	be	AUX
easat-9654	105	4	seen	see	VERB
easat-9654	105	5	from	from	ADP
easat-9654	105	6	table	table	NOUN
easat-9654	105	7	1	1	NUM
easat-9654	105	8	,	,	PUNCT
easat-9654	105	9	the	the	DET
easat-9654	105	10	process	process	NOUN
easat-9654	105	11	involves	involve	VERB
easat-9654	105	12	multiple	multiple	ADJ
easat-9654	105	13	stages	stage	NOUN
easat-9654	105	14	.	.	PUNCT
easat-9654	106	1	firstly	firstly	ADV
easat-9654	106	2	,	,	PUNCT
easat-9654	106	3	the	the	DET
easat-9654	106	4	minimum	minimum	ADJ
easat-9654	106	5	capital	capital	NOUN
easat-9654	106	6	requirement	requirement	NOUN
easat-9654	106	7	for	for	ADP
easat-9654	106	8	the	the	DET
easat-9654	106	9	establishment	establishment	NOUN
easat-9654	106	10	of	of	ADP
easat-9654	106	11	a	a	DET
easat-9654	106	12	pt	pt	PROPN
easat-9654	106	13	pma	pma	NOUN
easat-9654	106	14	company	company	NOUN
easat-9654	106	15	is	be	AUX
easat-9654	106	16	100	100	NUM
easat-9654	106	17	billion	billion	NUM
easat-9654	106	18	indonesian	indonesian	ADJ
easat-9654	106	19	rupiah	rupiah	PROPN
easat-9654	106	20	.	.	PUNCT
easat-9654	107	1	secondly	secondly	ADV
easat-9654	107	2	,	,	PUNCT
easat-9654	107	3	a	a	DET
easat-9654	107	4	regulatory	regulatory	ADJ
easat-9654	107	5	sandbox	sandbox	NOUN
easat-9654	107	6	test	test	NOUN
easat-9654	107	7	(	(	PUNCT
easat-9654	107	8	lasting	last	VERB
easat-9654	107	9	6	6	NUM
easat-9654	107	10	to	to	PART
easat-9654	107	11	12	12	NUM
easat-9654	107	12	months	month	NOUN
easat-9654	107	13	)	)	PUNCT
easat-9654	107	14	is	be	AUX
easat-9654	107	15	also	also	ADV
easat-9654	107	16	required	require	VERB
easat-9654	107	17	.	.	PUNCT
easat-9654	108	1	finally	finally	ADV
easat-9654	108	2	,	,	PUNCT
easat-9654	108	3	a	a	DET
easat-9654	108	4	formal	formal	ADJ
easat-9654	108	5	license	license	NOUN
easat-9654	108	6	application	application	NOUN
easat-9654	108	7	must	must	AUX
easat-9654	108	8	be	be	AUX
easat-9654	108	9	submitted	submit	VERB
easat-9654	108	10	.	.	PUNCT
easat-9654	109	1	the	the	DET
easat-9654	109	2	entire	entire	ADJ
easat-9654	109	3	process	process	NOUN
easat-9654	109	4	takes	take	VERB
easat-9654	109	5	approximately	approximately	ADV
easat-9654	109	6	18	18	NUM
easat-9654	109	7	months	month	NOUN
easat-9654	109	8	.	.	PUNCT
easat-9654	110	1	despite	despite	SCONJ
easat-9654	110	2	the	the	DET
easat-9654	110	3	strict	strict	ADJ
easat-9654	110	4	approval	approval	NOUN
easat-9654	110	5	procedures	procedure	NOUN
easat-9654	110	6	,	,	PUNCT
easat-9654	110	7	indonesia	indonesia	PROPN
easat-9654	110	8	continues	continue	VERB
easat-9654	110	9	to	to	PART
easat-9654	110	10	attract	attract	VERB
easat-9654	110	11	numerous	numerous	ADJ
easat-9654	110	12	foreign	foreign	ADJ
easat-9654	110	13	investors	investor	NOUN
easat-9654	110	14	to	to	PART
easat-9654	110	15	strategically	strategically	ADV
easat-9654	110	16	penetrate	penetrate	VERB
easat-9654	110	17	the	the	DET
easat-9654	110	18	market	market	NOUN
easat-9654	110	19	through	through	ADP
easat-9654	110	20	technology	technology	NOUN
easat-9654	110	21	exports	export	NOUN
easat-9654	110	22	and	and	CCONJ
easat-9654	110	23	other	other	ADJ
easat-9654	110	24	means	mean	NOUN
easat-9654	110	25	,	,	PUNCT
easat-9654	110	26	due	due	ADP
easat-9654	110	27	to	to	ADP
easat-9654	110	28	its	its	PRON
easat-9654	110	29	huge	huge	ADJ
easat-9654	110	30	demographic	demographic	ADJ
easat-9654	110	31	1562	1562	NUM
easat-9654	110	32	edelweiss	edelweiss	PROPN
easat-9654	110	33	applied	apply	VERB
easat-9654	110	34	science	science	NOUN
easat-9654	110	35	and	and	CCONJ
easat-9654	110	36	technology	technology	NOUN
easat-9654	110	37	issn	issn	PROPN
easat-9654	110	38	:	:	PUNCT
easat-9654	110	39	2576	2576	NUM
easat-9654	110	40	-	-	SYM
easat-9654	110	41	8484	8484	NUM
easat-9654	110	42	vol	vol	NOUN
easat-9654	110	43	.	.	PROPN
easat-9654	111	1	9	9	NUM
easat-9654	111	2	,	,	PUNCT
easat-9654	111	3	no	no	INTJ
easat-9654	111	4	.	.	NOUN
easat-9654	111	5	8	8	NUM
easat-9654	111	6	:	:	SYM
easat-9654	111	7	1558	1558	NUM
easat-9654	111	8	-	-	SYM
easat-9654	111	9	1579	1579	NUM
easat-9654	111	10	,	,	PUNCT
easat-9654	111	11	2025	2025	NUM
easat-9654	111	12	doi	doi	NOUN
easat-9654	111	13	:	:	PUNCT
easat-9654	111	14	10.55214/2576	10.55214/2576	NUM
easat-9654	111	15	-	-	PUNCT
easat-9654	111	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	111	17	©	©	PROPN
easat-9654	111	18	2025	2025	NUM
easat-9654	111	19	by	by	ADP
easat-9654	111	20	the	the	DET
easat-9654	111	21	authors	author	NOUN
easat-9654	111	22	;	;	PUNCT
easat-9654	111	23	licensee	licensee	PROPN
easat-9654	111	24	learning	learn	VERB
easat-9654	111	25	gate	gate	PROPN
easat-9654	111	26	dividend	dividend	NOUN
easat-9654	111	27	(	(	PUNCT
easat-9654	111	28	about	about	ADV
easat-9654	111	29	270	270	NUM
easat-9654	111	30	million	million	NUM
easat-9654	111	31	people	people	NOUN
easat-9654	111	32	)	)	PUNCT
easat-9654	111	33	and	and	CCONJ
easat-9654	111	34	the	the	DET
easat-9654	111	35	expected	expect	VERB
easat-9654	111	36	expansion	expansion	NOUN
easat-9654	111	37	of	of	ADP
easat-9654	111	38	the	the	DET
easat-9654	111	39	digital	digital	ADJ
easat-9654	111	40	lending	lending	NOUN
easat-9654	111	41	market	market	NOUN
easat-9654	111	42	,	,	PUNCT
easat-9654	111	43	which	which	PRON
easat-9654	111	44	is	be	AUX
easat-9654	111	45	projected	project	VERB
easat-9654	111	46	to	to	PART
easat-9654	111	47	reach	reach	VERB
easat-9654	111	48	9	9	NUM
easat-9654	111	49	billion	billion	NUM
easat-9654	111	50	us	us	PROPN
easat-9654	111	51	dollars	dollar	NOUN
easat-9654	111	52	by	by	ADP
easat-9654	111	53	2025	2025	NUM
easat-9654	111	54	[	[	SYM
easat-9654	111	55	20	20	NUM
easat-9654	111	56	]	]	PUNCT
easat-9654	111	57	.	.	PUNCT
easat-9654	112	1	table	table	NOUN
easat-9654	112	2	1	1	NUM
easat-9654	112	3	.	.	PUNCT
easat-9654	112	4	application	application	NOUN
easat-9654	112	5	process	process	NOUN
easat-9654	112	6	for	for	ADP
easat-9654	112	7	financial	financial	ADJ
easat-9654	112	8	licenses	license	NOUN
easat-9654	112	9	(	(	PUNCT
easat-9654	112	10	taking	take	VERB
easat-9654	112	11	p2p	p2p	NOUN
easat-9654	112	12	as	as	ADP
easat-9654	112	13	an	an	DET
easat-9654	112	14	example	example	NOUN
easat-9654	112	15	)	)	PUNCT
easat-9654	112	16	.	.	PUNCT
easat-9654	113	1	stage	stage	NOUN
easat-9654	113	2	requirements	requirement	NOUN
easat-9654	113	3	cycle	cycle	NOUN
easat-9654	113	4	registration	registration	NOUN
easat-9654	113	5	and	and	CCONJ
easat-9654	113	6	filing	filing	NOUN
easat-9654	113	7	submit	submit	VERB
easat-9654	113	8	an	an	DET
easat-9654	113	9	application	application	NOUN
easat-9654	113	10	to	to	ADP
easat-9654	113	11	ojk	ojk	NOUN
easat-9654	113	12	with	with	ADP
easat-9654	113	13	a	a	DET
easat-9654	113	14	paid	pay	VERB
easat-9654	113	15	-	-	PUNCT
easat-9654	113	16	in	in	ADP
easat-9654	113	17	capital	capital	NOUN
easat-9654	113	18	of	of	ADP
easat-9654	113	19	10	10	NUM
easat-9654	113	20	billion	billion	NUM
easat-9654	113	21	indonesian	indonesian	ADJ
easat-9654	113	22	rupiah	rupiah	NOUN
easat-9654	113	23	(	(	PUNCT
easat-9654	113	24	approximately	approximately	ADV
easat-9654	113	25	4,500	4,500	NUM
easat-9654	113	26	us	us	PROPN
easat-9654	113	27	dollars	dollar	NOUN
easat-9654	113	28	)	)	PUNCT
easat-9654	113	29	.	.	PUNCT
easat-9654	114	1	1	1	NUM
easat-9654	114	2	to	to	PART
easat-9654	114	3	3	3	NUM
easat-9654	114	4	months	month	NOUN
easat-9654	114	5	sandbox	sandbox	NOUN
easat-9654	114	6	testing	testing	NOUN
easat-9654	114	7	enter	enter	VERB
easat-9654	114	8	the	the	DET
easat-9654	114	9	regulatory	regulatory	ADJ
easat-9654	114	10	sandbox	sandbox	NOUN
easat-9654	114	11	for	for	ADP
easat-9654	114	12	trial	trial	NOUN
easat-9654	114	13	operation	operation	NOUN
easat-9654	114	14	and	and	CCONJ
easat-9654	114	15	accept	accept	VERB
easat-9654	114	16	the	the	DET
easat-9654	114	17	monitoring	monitoring	NOUN
easat-9654	114	18	of	of	ADP
easat-9654	114	19	ojk	ojk	NOUN
easat-9654	114	20	on	on	ADP
easat-9654	114	21	risk	risk	NOUN
easat-9654	114	22	control	control	NOUN
easat-9654	114	23	and	and	CCONJ
easat-9654	114	24	data	datum	NOUN
easat-9654	114	25	security	security	NOUN
easat-9654	114	26	.	.	PUNCT
easat-9654	115	1	6	6	NUM
easat-9654	115	2	to	to	PART
easat-9654	115	3	12	12	NUM
easat-9654	115	4	months	month	NOUN
easat-9654	115	5	(	(	PUNCT
easat-9654	115	6	extendable	extendable	ADJ
easat-9654	115	7	)	)	PUNCT
easat-9654	115	8	formal	formal	ADJ
easat-9654	115	9	permission	permission	NOUN
easat-9654	115	10	after	after	ADP
easat-9654	115	11	passing	pass	VERB
easat-9654	115	12	the	the	DET
easat-9654	115	13	test	test	NOUN
easat-9654	116	1	,	,	PUNCT
easat-9654	116	2	the	the	DET
easat-9654	116	3	investment	investment	NOUN
easat-9654	116	4	was	be	AUX
easat-9654	116	5	increased	increase	VERB
easat-9654	116	6	to	to	ADP
easat-9654	116	7	25	25	NUM
easat-9654	116	8	billion	billion	NUM
easat-9654	116	9	indonesian	indonesian	ADJ
easat-9654	116	10	rupiah	rupiah	NOUN
easat-9654	116	11	(	(	PUNCT
easat-9654	116	12	approximately	approximately	ADV
easat-9654	116	13	11,000	11,000	NUM
easat-9654	116	14	us	us	PROPN
easat-9654	116	15	dollars	dollar	NOUN
easat-9654	116	16	)	)	PUNCT
easat-9654	116	17	,	,	PUNCT
easat-9654	116	18	and	and	CCONJ
easat-9654	116	19	the	the	DET
easat-9654	116	20	official	official	ADJ
easat-9654	116	21	license	license	NOUN
easat-9654	116	22	was	be	AUX
easat-9654	116	23	obtained	obtain	VERB
easat-9654	116	24	.	.	PUNCT
easat-9654	117	1	1	1	NUM
easat-9654	117	2	to	to	PART
easat-9654	117	3	3	3	NUM
easat-9654	117	4	months	month	NOUN
easat-9654	117	5	source	source	NOUN
easat-9654	117	6	:	:	PUNCT
easat-9654	117	7	the	the	DET
easat-9654	117	8	form	form	NOUN
easat-9654	117	9	is	be	AUX
easat-9654	117	10	designed	design	VERB
easat-9654	117	11	in	in	ADP
easat-9654	117	12	accordance	accordance	NOUN
easat-9654	117	13	with	with	ADP
easat-9654	117	14	the	the	DET
easat-9654	117	15	relevant	relevant	ADJ
easat-9654	117	16	laws	law	NOUN
easat-9654	117	17	and	and	CCONJ
easat-9654	117	18	regulations	regulation	NOUN
easat-9654	117	19	of	of	ADP
easat-9654	117	20	indonesia	indonesia	PROPN
easat-9654	118	1	[	[	X
easat-9654	118	2	21	21	NUM
easat-9654	118	3	]	]	PUNCT
easat-9654	118	4	2.3	2.3	NUM
easat-9654	118	5	.	.	PUNCT
easat-9654	119	1	comparative	comparative	ADJ
easat-9654	119	2	analysis	analysis	NOUN
easat-9654	119	3	of	of	ADP
easat-9654	119	4	legal	legal	ADJ
easat-9654	119	5	environments	environment	NOUN
easat-9654	119	6	with	with	ADP
easat-9654	119	7	representative	representative	ADJ
easat-9654	119	8	countries	country	NOUN
easat-9654	119	9	in	in	ADP
easat-9654	119	10	china	china	PROPN
easat-9654	119	11	and	and	CCONJ
easat-9654	119	12	southeast	southeast	PROPN
easat-9654	119	13	asia	asia	PROPN
easat-9654	119	14	2.3.1	2.3.1	NUM
easat-9654	119	15	.	.	PUNCT
easat-9654	119	16	comparison	comparison	NOUN
easat-9654	119	17	with	with	ADP
easat-9654	119	18	china	china	PROPN
easat-9654	119	19	china	china	PROPN
easat-9654	119	20	's	's	PART
easat-9654	119	21	internet	internet	NOUN
easat-9654	119	22	finance	finance	NOUN
easat-9654	119	23	regulation	regulation	NOUN
easat-9654	119	24	has	have	AUX
easat-9654	119	25	transitioned	transition	VERB
easat-9654	119	26	from	from	ADP
easat-9654	119	27	inclusive	inclusive	ADJ
easat-9654	119	28	innovation	innovation	NOUN
easat-9654	119	29	to	to	ADP
easat-9654	119	30	full	full	ADJ
easat-9654	119	31	standardization	standardization	NOUN
easat-9654	119	32	.	.	PUNCT
easat-9654	120	1	prior	prior	ADV
easat-9654	120	2	to	to	ADP
easat-9654	120	3	2013	2013	NUM
easat-9654	120	4	,	,	PUNCT
easat-9654	120	5	it	it	PRON
easat-9654	120	6	was	be	AUX
easat-9654	120	7	characterized	characterize	VERB
easat-9654	120	8	by	by	ADP
easat-9654	120	9	an	an	DET
easat-9654	120	10	experimental	experimental	ADJ
easat-9654	120	11	and	and	CCONJ
easat-9654	120	12	fragmented	fragmented	ADJ
easat-9654	120	13	regulatory	regulatory	ADJ
easat-9654	120	14	phase	phase	NOUN
easat-9654	120	15	focused	focus	VERB
easat-9654	120	16	on	on	ADP
easat-9654	120	17	individual	individual	ADJ
easat-9654	120	18	laws	law	NOUN
easat-9654	120	19	governing	govern	VERB
easat-9654	120	20	sectors	sector	NOUN
easat-9654	120	21	such	such	ADJ
easat-9654	120	22	as	as	ADP
easat-9654	120	23	payments	payment	NOUN
easat-9654	120	24	and	and	CCONJ
easat-9654	120	25	peer	peer	NOUN
easat-9654	120	26	-	-	PUNCT
easat-9654	120	27	to	to	ADP
easat-9654	120	28	-	-	PUNCT
easat-9654	120	29	peer	peer	NOUN
easat-9654	120	30	(	(	PUNCT
easat-9654	120	31	p2p	p2p	NOUN
easat-9654	120	32	)	)	PUNCT
easat-9654	120	33	lending	lending	NOUN
easat-9654	120	34	.	.	PUNCT
easat-9654	121	1	from	from	ADP
easat-9654	121	2	2013	2013	NUM
easat-9654	121	3	to	to	ADP
easat-9654	121	4	2014	2014	NUM
easat-9654	121	5	,	,	PUNCT
easat-9654	121	6	the	the	DET
easat-9654	121	7	chinese	chinese	ADJ
easat-9654	121	8	government	government	NOUN
easat-9654	121	9	issued	issue	VERB
easat-9654	121	10	the	the	DET
easat-9654	121	11	notice	notice	NOUN
easat-9654	121	12	of	of	ADP
easat-9654	121	13	the	the	DET
easat-9654	121	14	general	general	ADJ
easat-9654	121	15	office	office	NOUN
easat-9654	121	16	of	of	ADP
easat-9654	121	17	the	the	DET
easat-9654	121	18	state	state	NOUN
easat-9654	121	19	council	council	PROPN
easat-9654	121	20	on	on	ADP
easat-9654	121	21	strengthening	strengthen	VERB
easat-9654	121	22	the	the	DET
easat-9654	121	23	supervision	supervision	NOUN
easat-9654	121	24	of	of	ADP
easat-9654	121	25	shadow	shadow	NOUN
easat-9654	121	26	banking	banking	NOUN
easat-9654	122	1	[	[	X
easat-9654	122	2	22	22	NUM
easat-9654	122	3	]	]	PUNCT
easat-9654	122	4	integrating	integrate	VERB
easat-9654	122	5	internet	internet	NOUN
easat-9654	122	6	finance	finance	NOUN
easat-9654	122	7	into	into	ADP
easat-9654	122	8	national	national	ADJ
easat-9654	122	9	planning	planning	NOUN
easat-9654	122	10	and	and	CCONJ
easat-9654	122	11	emphasizing	emphasize	VERB
easat-9654	122	12	the	the	DET
easat-9654	122	13	risks	risk	NOUN
easat-9654	122	14	associated	associate	VERB
easat-9654	122	15	with	with	ADP
easat-9654	122	16	"	"	PUNCT
easat-9654	122	17	shadow	shadow	NOUN
easat-9654	122	18	banking[22	banking[22	NOUN
easat-9654	122	19	]	]	PUNCT
easat-9654	122	20	.	.	PUNCT
easat-9654	123	1	in	in	ADP
easat-9654	123	2	2015	2015	NUM
easat-9654	123	3	,	,	PUNCT
easat-9654	123	4	the	the	DET
easat-9654	123	5	guidelines	guideline	NOUN
easat-9654	123	6	on	on	ADP
easat-9654	123	7	promoting	promote	VERB
easat-9654	123	8	the	the	DET
easat-9654	123	9	healthy	healthy	ADJ
easat-9654	123	10	development	development	NOUN
easat-9654	123	11	of	of	ADP
easat-9654	123	12	internet	internet	NOUN
easat-9654	123	13	finance	finance	NOUN
easat-9654	123	14	introduced	introduce	VERB
easat-9654	123	15	a	a	DET
easat-9654	123	16	"	"	PUNCT
easat-9654	123	17	categorized	categorize	VERB
easat-9654	123	18	supervision	supervision	NOUN
easat-9654	123	19	framework	framework	NOUN
easat-9654	123	20	,	,	PUNCT
easat-9654	123	21	"	"	PUNCT
easat-9654	123	22	clarifying	clarify	VERB
easat-9654	123	23	the	the	DET
easat-9654	123	24	responsibilities	responsibility	NOUN
easat-9654	123	25	of	of	ADP
easat-9654	123	26	the	the	DET
easat-9654	123	27	people	people	NOUN
easat-9654	123	28	's	's	PART
easat-9654	123	29	bank	bank	PROPN
easat-9654	123	30	of	of	ADP
easat-9654	123	31	china	china	PROPN
easat-9654	123	32	,	,	PUNCT
easat-9654	123	33	the	the	DET
easat-9654	123	34	china	china	PROPN
easat-9654	123	35	banking	banking	PROPN
easat-9654	123	36	and	and	CCONJ
easat-9654	123	37	insurance	insurance	PROPN
easat-9654	123	38	regulatory	regulatory	ADJ
easat-9654	123	39	commission	commission	NOUN
easat-9654	123	40	,	,	PUNCT
easat-9654	123	41	and	and	CCONJ
easat-9654	123	42	the	the	DET
easat-9654	123	43	china	china	PROPN
easat-9654	123	44	securities	securities	PROPN
easat-9654	123	45	regulatory	regulatory	PROPN
easat-9654	123	46	commission	commission	PROPN
easat-9654	123	47	.	.	PUNCT
easat-9654	124	1	after	after	ADP
easat-9654	124	2	2017	2017	NUM
easat-9654	124	3	,	,	PUNCT
easat-9654	124	4	china	china	PROPN
easat-9654	124	5	entered	enter	VERB
easat-9654	124	6	a	a	DET
easat-9654	124	7	phase	phase	NOUN
easat-9654	124	8	of	of	ADP
easat-9654	124	9	stringent	stringent	ADJ
easat-9654	124	10	regulatory	regulatory	ADJ
easat-9654	124	11	enforcement	enforcement	NOUN
easat-9654	124	12	,	,	PUNCT
easat-9654	124	13	establishing	establish	VERB
easat-9654	124	14	a	a	DET
easat-9654	124	15	comprehensive	comprehensive	ADJ
easat-9654	124	16	supervisory	supervisory	ADJ
easat-9654	124	17	framework	framework	NOUN
easat-9654	124	18	through	through	ADP
easat-9654	124	19	measures	measure	NOUN
easat-9654	124	20	such	such	ADJ
easat-9654	124	21	as	as	ADP
easat-9654	124	22	centralized	centralized	ADJ
easat-9654	124	23	reserve	reserve	NOUN
easat-9654	124	24	deposit	deposit	NOUN
easat-9654	124	25	requirements	requirement	NOUN
easat-9654	124	26	,	,	PUNCT
easat-9654	124	27	p2p	p2p	NOUN
easat-9654	124	28	lending	lending	NOUN
easat-9654	124	29	quota	quota	NOUN
easat-9654	124	30	management	management	NOUN
easat-9654	124	31	,	,	PUNCT
easat-9654	124	32	and	and	CCONJ
easat-9654	124	33	the	the	DET
easat-9654	124	34	"	"	PUNCT
easat-9654	124	35	de	de	NOUN
easat-9654	124	36	-	-	NOUN
easat-9654	124	37	financialization	financialization	NOUN
easat-9654	124	38	of	of	ADP
easat-9654	124	39	technology	technology	NOUN
easat-9654	124	40	conglomerates	conglomerate	NOUN
easat-9654	124	41	,	,	PUNCT
easat-9654	124	42	"	"	PUNCT
easat-9654	124	43	adhering	adhere	VERB
easat-9654	124	44	to	to	ADP
easat-9654	124	45	the	the	DET
easat-9654	124	46	principle	principle	NOUN
easat-9654	124	47	that	that	SCONJ
easat-9654	124	48	"	"	PUNCT
easat-9654	124	49	all	all	DET
easat-9654	124	50	financial	financial	ADJ
easat-9654	124	51	enterprises	enterprise	NOUN
easat-9654	124	52	must	must	AUX
easat-9654	124	53	hold	hold	VERB
easat-9654	124	54	appropriate	appropriate	ADJ
easat-9654	124	55	licenses	license	NOUN
easat-9654	124	56	[	[	X
easat-9654	124	57	23	23	NUM
easat-9654	124	58	]	]	PUNCT
easat-9654	124	59	.	.	PUNCT
easat-9654	125	1	in	in	ADP
easat-9654	125	2	terms	term	NOUN
easat-9654	125	3	of	of	ADP
easat-9654	125	4	the	the	DET
easat-9654	125	5	global	global	ADJ
easat-9654	125	6	governance	governance	NOUN
easat-9654	125	7	framework	framework	NOUN
easat-9654	125	8	for	for	ADP
easat-9654	125	9	cryptocurrencies	cryptocurrencie	NOUN
easat-9654	125	10	,	,	PUNCT
easat-9654	125	11	the	the	DET
easat-9654	125	12	regulatory	regulatory	ADJ
easat-9654	125	13	approaches	approach	NOUN
easat-9654	125	14	of	of	ADP
easat-9654	125	15	china	china	PROPN
easat-9654	125	16	and	and	CCONJ
easat-9654	125	17	indonesia	indonesia	PROPN
easat-9654	125	18	reflect	reflect	VERB
easat-9654	125	19	two	two	NUM
easat-9654	125	20	distinct	distinct	ADJ
easat-9654	125	21	concepts	concept	NOUN
easat-9654	125	22	and	and	CCONJ
easat-9654	125	23	governance	governance	NOUN
easat-9654	125	24	principles	principle	NOUN
easat-9654	125	25	.	.	PUNCT
easat-9654	126	1	china	china	PROPN
easat-9654	126	2	's	's	PART
easat-9654	126	3	regulatory	regulatory	ADJ
easat-9654	126	4	framework	framework	NOUN
easat-9654	126	5	for	for	ADP
easat-9654	126	6	cryptocurrencies	cryptocurrencie	NOUN
easat-9654	126	7	is	be	AUX
easat-9654	126	8	characterized	characterize	VERB
easat-9654	126	9	by	by	ADP
easat-9654	126	10	a	a	DET
easat-9654	126	11	clear	clear	ADJ
easat-9654	126	12	focus	focus	NOUN
easat-9654	126	13	on	on	ADP
easat-9654	126	14	"	"	PUNCT
easat-9654	126	15	risk	risk	NOUN
easat-9654	126	16	prevention	prevention	NOUN
easat-9654	126	17	"	"	PUNCT
easat-9654	126	18	.	.	PUNCT
easat-9654	127	1	the	the	DET
easat-9654	127	2	formulation	formulation	NOUN
easat-9654	127	3	of	of	ADP
easat-9654	127	4	these	these	DET
easat-9654	127	5	policies	policy	NOUN
easat-9654	127	6	can	can	AUX
easat-9654	127	7	be	be	AUX
easat-9654	127	8	regarded	regard	VERB
easat-9654	127	9	as	as	ADP
easat-9654	127	10	a	a	DET
easat-9654	127	11	systemic	systemic	ADJ
easat-9654	127	12	restructuring	restructuring	NOUN
easat-9654	127	13	prioritizing	prioritize	VERB
easat-9654	127	14	national	national	ADJ
easat-9654	127	15	financial	financial	ADJ
easat-9654	127	16	security	security	NOUN
easat-9654	127	17	.	.	PUNCT
easat-9654	128	1	the	the	DET
easat-9654	128	2	2013	2013	NUM
easat-9654	128	3	decision	decision	NOUN
easat-9654	128	4	to	to	PART
easat-9654	128	5	restrict	restrict	VERB
easat-9654	128	6	financial	financial	ADJ
easat-9654	128	7	institutions	institution	NOUN
easat-9654	128	8	'	'	PART
easat-9654	128	9	access	access	NOUN
easat-9654	128	10	to	to	ADP
easat-9654	128	11	bitcoin	bitcoin	ADJ
easat-9654	128	12	trading	trading	NOUN
easat-9654	128	13	platforms	platform	NOUN
easat-9654	128	14	marked	mark	VERB
easat-9654	128	15	the	the	DET
easat-9654	128	16	first	first	ADJ
easat-9654	128	17	regulatory	regulatory	ADJ
easat-9654	128	18	warning	warning	NOUN
easat-9654	128	19	regarding	regard	VERB
easat-9654	128	20	the	the	DET
easat-9654	128	21	potential	potential	ADJ
easat-9654	128	22	risks	risk	NOUN
easat-9654	128	23	posed	pose	VERB
easat-9654	128	24	by	by	ADP
easat-9654	128	25	"	"	PUNCT
easat-9654	128	26	decentralized	decentralized	ADJ
easat-9654	128	27	"	"	PUNCT
easat-9654	128	28	monetary	monetary	ADJ
easat-9654	128	29	systems	system	NOUN
easat-9654	128	30	[	[	X
easat-9654	128	31	24	24	NUM
easat-9654	128	32	]	]	PUNCT
easat-9654	128	33	.	.	PUNCT
easat-9654	129	1	in	in	ADP
easat-9654	129	2	2017	2017	NUM
easat-9654	129	3	,	,	PUNCT
easat-9654	129	4	a	a	DET
easat-9654	129	5	joint	joint	ADJ
easat-9654	129	6	announcement	announcement	NOUN
easat-9654	129	7	by	by	ADP
easat-9654	129	8	seven	seven	NUM
easat-9654	129	9	chinese	chinese	ADJ
easat-9654	129	10	regulatory	regulatory	ADJ
easat-9654	129	11	authorities	authority	NOUN
easat-9654	129	12	,	,	PUNCT
easat-9654	129	13	the	the	DET
easat-9654	129	14	notice	notice	NOUN
easat-9654	129	15	on	on	ADP
easat-9654	129	16	preventing	prevent	VERB
easat-9654	129	17	financial	financial	ADJ
easat-9654	129	18	risks	risk	NOUN
easat-9654	129	19	of	of	ADP
easat-9654	129	20	token	token	ADJ
easat-9654	129	21	offerings	offering	NOUN
easat-9654	129	22	,	,	PUNCT
easat-9654	129	23	comprehensively	comprehensively	ADV
easat-9654	129	24	prohibited	prohibit	VERB
easat-9654	129	25	initial	initial	ADJ
easat-9654	129	26	coin	coin	NOUN
easat-9654	129	27	offerings	offering	NOUN
easat-9654	129	28	(	(	PUNCT
easat-9654	129	29	icos	icos	PROPN
easat-9654	129	30	)	)	PUNCT
easat-9654	129	31	and	and	CCONJ
easat-9654	129	32	domestic	domestic	ADJ
easat-9654	129	33	cryptocurrency	cryptocurrency	NOUN
easat-9654	129	34	exchanges	exchange	NOUN
easat-9654	129	35	[	[	X
easat-9654	129	36	25	25	NUM
easat-9654	129	37	]	]	PUNCT
easat-9654	129	38	.	.	PUNCT
easat-9654	130	1	this	this	PRON
easat-9654	130	2	can	can	AUX
easat-9654	130	3	be	be	AUX
easat-9654	130	4	considered	consider	VERB
easat-9654	130	5	a	a	DET
easat-9654	130	6	significant	significant	ADJ
easat-9654	130	7	measure	measure	NOUN
easat-9654	130	8	by	by	ADP
easat-9654	130	9	the	the	DET
easat-9654	130	10	chinese	chinese	ADJ
easat-9654	130	11	government	government	NOUN
easat-9654	130	12	to	to	PART
easat-9654	130	13	address	address	VERB
easat-9654	130	14	systemic	systemic	ADJ
easat-9654	130	15	threats	threat	NOUN
easat-9654	130	16	arising	arise	VERB
easat-9654	130	17	from	from	ADP
easat-9654	130	18	"	"	PUNCT
easat-9654	130	19	disorderly	disorderly	ADJ
easat-9654	130	20	innovation	innovation	NOUN
easat-9654	130	21	.	.	PUNCT
easat-9654	130	22	"	"	PUNCT
easat-9654	131	1	in	in	ADP
easat-9654	131	2	2021	2021	NUM
easat-9654	131	3	,	,	PUNCT
easat-9654	131	4	ten	ten	NUM
easat-9654	131	5	chinese	chinese	ADJ
easat-9654	131	6	ministries	ministry	NOUN
easat-9654	131	7	issued	issue	VERB
easat-9654	131	8	the	the	DET
easat-9654	131	9	notice	notice	NOUN
easat-9654	131	10	on	on	ADP
easat-9654	131	11	further	far	ADV
easat-9654	131	12	preventing	prevent	VERB
easat-9654	131	13	the	the	DET
easat-9654	131	14	risks	risk	NOUN
easat-9654	131	15	of	of	ADP
easat-9654	131	16	virtual	virtual	ADJ
easat-9654	131	17	currency	currency	NOUN
easat-9654	131	18	trading	trading	NOUN
easat-9654	131	19	speculation	speculation	NOUN
easat-9654	131	20	,	,	PUNCT
easat-9654	131	21	which	which	PRON
easat-9654	131	22	further	far	ADV
easat-9654	131	23	classified	classify	VERB
easat-9654	131	24	virtual	virtual	ADJ
easat-9654	131	25	currency	currency	NOUN
easat-9654	131	26	-	-	PUNCT
easat-9654	131	27	related	relate	VERB
easat-9654	131	28	enterprises	enterprise	NOUN
easat-9654	131	29	as	as	ADP
easat-9654	131	30	"	"	PUNCT
easat-9654	131	31	illegal	illegal	ADJ
easat-9654	131	32	financial	financial	ADJ
easat-9654	131	33	activities	activity	NOUN
easat-9654	131	34	"	"	PUNCT
easat-9654	131	35	and	and	CCONJ
easat-9654	131	36	eliminated	eliminate	VERB
easat-9654	131	37	energy	energy	NOUN
easat-9654	131	38	-	-	PUNCT
easat-9654	131	39	intensive	intensive	ADJ
easat-9654	131	40	virtual	virtual	ADJ
easat-9654	131	41	currency	currency	NOUN
easat-9654	131	42	mining	mining	NOUN
easat-9654	131	43	sectors	sector	NOUN
easat-9654	131	44	[	[	X
easat-9654	131	45	26	26	NUM
easat-9654	131	46	]	]	PUNCT
easat-9654	131	47	.	.	PUNCT
easat-9654	132	1	on	on	ADP
easat-9654	132	2	the	the	DET
easat-9654	132	3	contrary	contrary	NOUN
easat-9654	132	4	,	,	PUNCT
easat-9654	132	5	indonesia	indonesia	PROPN
easat-9654	132	6	's	's	PART
easat-9654	132	7	regulatory	regulatory	ADJ
easat-9654	132	8	approach	approach	NOUN
easat-9654	132	9	embodies	embody	VERB
easat-9654	132	10	a	a	DET
easat-9654	132	11	cautious	cautious	ADJ
easat-9654	132	12	"	"	PUNCT
easat-9654	132	13	risk	risk	NOUN
easat-9654	132	14	mitigation	mitigation	NOUN
easat-9654	132	15	"	"	PUNCT
easat-9654	132	16	technique	technique	NOUN
easat-9654	132	17	.	.	PUNCT
easat-9654	133	1	it	it	PRON
easat-9654	133	2	classifies	classify	VERB
easat-9654	133	3	cryptocurrencies	cryptocurrencie	NOUN
easat-9654	133	4	as	as	ADP
easat-9654	133	5	commodities	commodity	NOUN
easat-9654	133	6	rather	rather	ADV
easat-9654	133	7	than	than	ADP
easat-9654	133	8	currencies	currency	NOUN
easat-9654	133	9	,	,	PUNCT
easat-9654	133	10	acknowledges	acknowledge	VERB
easat-9654	133	11	their	their	PRON
easat-9654	133	12	market	market	NOUN
easat-9654	133	13	value	value	NOUN
easat-9654	133	14	as	as	ADP
easat-9654	133	15	investment	investment	NOUN
easat-9654	133	16	tools	tool	NOUN
easat-9654	133	17	,	,	PUNCT
easat-9654	133	18	and	and	CCONJ
easat-9654	133	19	at	at	ADP
easat-9654	133	20	the	the	DET
easat-9654	133	21	same	same	ADJ
easat-9654	133	22	time	time	NOUN
easat-9654	133	23	,	,	PUNCT
easat-9654	133	24	creates	create	VERB
easat-9654	133	25	an	an	DET
easat-9654	133	26	"	"	PUNCT
easat-9654	133	27	observable	observable	ADJ
easat-9654	133	28	,	,	PUNCT
easat-9654	133	29	traceable	traceable	ADJ
easat-9654	133	30	and	and	CCONJ
easat-9654	133	31	taxable	taxable	ADJ
easat-9654	133	32	"	"	PUNCT
easat-9654	133	33	regulatory	regulatory	ADJ
easat-9654	133	34	framework	framework	NOUN
easat-9654	133	35	by	by	ADP
easat-9654	133	36	imposing	impose	VERB
easat-9654	133	37	a	a	DET
easat-9654	133	38	0.1	0.1	NUM
easat-9654	133	39	%	%	NOUN
easat-9654	133	40	value	value	NOUN
easat-9654	133	41	-	-	PUNCT
easat-9654	133	42	added	add	VERB
easat-9654	133	43	tax	tax	NOUN
easat-9654	133	44	and	and	CCONJ
easat-9654	133	45	establishing	establish	VERB
easat-9654	133	46	a	a	DET
easat-9654	133	47	national	national	ADJ
easat-9654	133	48	exchange	exchange	NOUN
easat-9654	133	49	[	[	X
easat-9654	133	50	27	27	NUM
easat-9654	133	51	]	]	PUNCT
easat-9654	133	52	.	.	PUNCT
easat-9654	134	1	this	this	DET
easat-9654	134	2	"	"	PUNCT
easat-9654	134	3	limited	limited	ADJ
easat-9654	134	4	opening	opening	NOUN
easat-9654	134	5	"	"	PUNCT
easat-9654	134	6	governance	governance	NOUN
easat-9654	134	7	model	model	NOUN
easat-9654	134	8	has	have	AUX
easat-9654	134	9	established	establish	VERB
easat-9654	134	10	a	a	DET
easat-9654	134	11	dynamic	dynamic	ADJ
easat-9654	134	12	balance	balance	NOUN
easat-9654	134	13	between	between	ADP
easat-9654	134	14	technological	technological	ADJ
easat-9654	134	15	innovation	innovation	NOUN
easat-9654	134	16	and	and	CCONJ
easat-9654	134	17	financial	financial	ADJ
easat-9654	134	18	stability	stability	NOUN
easat-9654	134	19	:	:	PUNCT
easat-9654	134	20	it	it	PRON
easat-9654	134	21	permits	permit	VERB
easat-9654	134	22	transactions	transaction	NOUN
easat-9654	134	23	while	while	SCONJ
easat-9654	134	24	restricting	restrict	VERB
easat-9654	134	25	payment	payment	NOUN
easat-9654	134	26	functions	function	NOUN
easat-9654	134	27	to	to	PART
easat-9654	134	28	prevent	prevent	VERB
easat-9654	134	29	the	the	DET
easat-9654	134	30	disruption	disruption	NOUN
easat-9654	134	31	of	of	ADP
easat-9654	134	32	the	the	DET
easat-9654	134	33	legal	legal	ADJ
easat-9654	134	34	tender	tender	NOUN
easat-9654	134	35	system	system	NOUN
easat-9654	134	36	;	;	PUNCT
easat-9654	134	37	at	at	ADP
easat-9654	134	38	the	the	DET
easat-9654	134	39	same	same	ADJ
easat-9654	134	40	time	time	NOUN
easat-9654	134	41	,	,	PUNCT
easat-9654	134	42	it	it	PRON
easat-9654	134	43	incorporates	incorporate	VERB
easat-9654	134	44	cryptocurrencies	cryptocurrencie	NOUN
easat-9654	134	45	into	into	ADP
easat-9654	134	46	the	the	DET
easat-9654	134	47	national	national	ADJ
easat-9654	134	48	governance	governance	NOUN
easat-9654	134	49	framework	framework	NOUN
easat-9654	134	50	through	through	ADP
easat-9654	134	51	tax	tax	NOUN
easat-9654	134	52	mechanisms	mechanism	NOUN
easat-9654	134	53	and	and	CCONJ
easat-9654	134	54	platform	platform	NOUN
easat-9654	134	55	supervision	supervision	NOUN
easat-9654	134	56	,	,	PUNCT
easat-9654	134	57	facilitating	facilitate	VERB
easat-9654	134	58	the	the	DET
easat-9654	134	59	transition	transition	NOUN
easat-9654	134	60	from	from	ADP
easat-9654	134	61	"	"	PUNCT
easat-9654	134	62	wild	wild	ADJ
easat-9654	134	63	growth	growth	NOUN
easat-9654	134	64	"	"	PUNCT
easat-9654	134	65	to	to	ADP
easat-9654	134	66	"	"	PUNCT
easat-9654	134	67	orderly	orderly	ADJ
easat-9654	134	68	domestication	domestication	NOUN
easat-9654	134	69	"	"	PUNCT
easat-9654	134	70	.	.	PUNCT
easat-9654	135	1	1563	1563	NUM
easat-9654	135	2	edelweiss	edelweiss	PROPN
easat-9654	135	3	applied	apply	VERB
easat-9654	135	4	science	science	NOUN
easat-9654	135	5	and	and	CCONJ
easat-9654	135	6	technology	technology	NOUN
easat-9654	135	7	issn	issn	PROPN
easat-9654	135	8	:	:	PUNCT
easat-9654	135	9	2576	2576	NUM
easat-9654	135	10	-	-	SYM
easat-9654	135	11	8484	8484	NUM
easat-9654	135	12	vol	vol	NOUN
easat-9654	135	13	.	.	PROPN
easat-9654	136	1	9	9	NUM
easat-9654	136	2	,	,	PUNCT
easat-9654	136	3	no	no	INTJ
easat-9654	136	4	.	.	NOUN
easat-9654	136	5	8	8	NUM
easat-9654	136	6	:	:	SYM
easat-9654	136	7	1558	1558	NUM
easat-9654	136	8	-	-	SYM
easat-9654	136	9	1579	1579	NUM
easat-9654	136	10	,	,	PUNCT
easat-9654	136	11	2025	2025	NUM
easat-9654	136	12	doi	doi	NOUN
easat-9654	136	13	:	:	PUNCT
easat-9654	136	14	10.55214/2576	10.55214/2576	NUM
easat-9654	136	15	-	-	PUNCT
easat-9654	136	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	136	17	©	©	PROPN
easat-9654	136	18	2025	2025	NUM
easat-9654	136	19	by	by	ADP
easat-9654	136	20	the	the	DET
easat-9654	136	21	authors	author	NOUN
easat-9654	136	22	;	;	PUNCT
easat-9654	136	23	licensee	licensee	PROPN
easat-9654	136	24	learning	learn	VERB
easat-9654	136	25	gate	gate	NOUN
easat-9654	136	26	in	in	ADP
easat-9654	136	27	the	the	DET
easat-9654	136	28	p2p	p2p	NOUN
easat-9654	136	29	sector	sector	NOUN
easat-9654	136	30	,	,	PUNCT
easat-9654	136	31	china	china	PROPN
easat-9654	136	32	has	have	AUX
easat-9654	136	33	undergone	undergo	VERB
easat-9654	136	34	a	a	DET
easat-9654	136	35	regulatory	regulatory	ADJ
easat-9654	136	36	reform	reform	NOUN
easat-9654	136	37	and	and	CCONJ
easat-9654	136	38	business	business	NOUN
easat-9654	136	39	consolidation	consolidation	NOUN
easat-9654	136	40	of	of	ADP
easat-9654	136	41	profound	profound	ADJ
easat-9654	136	42	revolutionary	revolutionary	ADJ
easat-9654	136	43	significance	significance	NOUN
easat-9654	136	44	.	.	PUNCT
easat-9654	137	1	in	in	ADP
easat-9654	137	2	2016	2016	NUM
easat-9654	137	3	,	,	PUNCT
easat-9654	137	4	the	the	DET
easat-9654	137	5	state	state	PROPN
easat-9654	137	6	council	council	PROPN
easat-9654	137	7	established	establish	VERB
easat-9654	137	8	a	a	DET
easat-9654	137	9	"	"	PUNCT
easat-9654	137	10	1	1	NUM
easat-9654	137	11	+	+	NOUN
easat-9654	137	12	3	3	NUM
easat-9654	137	13	"	"	PUNCT
easat-9654	137	14	institutional	institutional	ADJ
easat-9654	137	15	framework	framework	NOUN
easat-9654	137	16	including	include	VERB
easat-9654	137	17	fund	fund	NOUN
easat-9654	137	18	escrow	escrow	NOUN
easat-9654	137	19	,	,	PUNCT
easat-9654	137	20	filing	filing	NOUN
easat-9654	137	21	and	and	CCONJ
easat-9654	137	22	registration	registration	NOUN
easat-9654	137	23	,	,	PUNCT
easat-9654	137	24	and	and	CCONJ
easat-9654	137	25	information	information	NOUN
easat-9654	137	26	disclosure	disclosure	NOUN
easat-9654	137	27	.	.	PUNCT
easat-9654	138	1	industry	industry	NOUN
easat-9654	138	2	regulation	regulation	NOUN
easat-9654	138	3	has	have	AUX
easat-9654	138	4	gradually	gradually	ADV
easat-9654	138	5	shifted	shift	VERB
easat-9654	138	6	from	from	ADP
easat-9654	138	7	"	"	PUNCT
easat-9654	138	8	inclusive	inclusive	ADJ
easat-9654	138	9	prudence	prudence	NOUN
easat-9654	138	10	"	"	PUNCT
easat-9654	138	11	to	to	ADP
easat-9654	138	12	"	"	PUNCT
easat-9654	138	13	risk	risk	VERB
easat-9654	138	14	liquidation	liquidation	NOUN
easat-9654	138	15	[	[	X
easat-9654	138	16	28	28	NUM
easat-9654	138	17	]	]	PUNCT
easat-9654	138	18	.	.	PUNCT
easat-9654	139	1	the	the	DET
easat-9654	139	2	concept	concept	NOUN
easat-9654	139	3	of	of	ADP
easat-9654	139	4	"	"	PUNCT
easat-9654	139	5	maximum	maximum	ADJ
easat-9654	139	6	withdrawal	withdrawal	NOUN
easat-9654	139	7	"	"	PUNCT
easat-9654	139	8	proposed	propose	VERB
easat-9654	139	9	in	in	ADP
easat-9654	139	10	the	the	DET
easat-9654	139	11	2019	2019	NUM
easat-9654	139	12	"	"	PUNCT
easat-9654	139	13	opinions	opinion	NOUN
easat-9654	139	14	on	on	ADP
easat-9654	139	15	properly	properly	ADV
easat-9654	139	16	conducting	conduct	VERB
easat-9654	139	17	categorized	categorize	VERB
easat-9654	139	18	disposal	disposal	NOUN
easat-9654	139	19	and	and	CCONJ
easat-9654	139	20	risk	risk	NOUN
easat-9654	139	21	prevention	prevention	NOUN
easat-9654	139	22	work	work	NOUN
easat-9654	139	23	for	for	ADP
easat-9654	139	24	online	online	ADJ
easat-9654	139	25	lending	lending	NOUN
easat-9654	139	26	institutions	institution	NOUN
easat-9654	139	27	"	"	PUNCT
easat-9654	139	28	(	(	PUNCT
easat-9654	139	29	document	document	NOUN
easat-9654	139	30	no	no	INTJ
easat-9654	139	31	.	.	NOUN
easat-9654	139	32	175	175	NUM
easat-9654	139	33	)	)	PUNCT
easat-9654	139	34	is	be	AUX
easat-9654	139	35	essentially	essentially	ADV
easat-9654	139	36	a	a	DET
easat-9654	139	37	"	"	PUNCT
easat-9654	139	38	shock	shock	NOUN
easat-9654	139	39	therapy	therapy	NOUN
easat-9654	139	40	"	"	PUNCT
easat-9654	139	41	governance	governance	NOUN
easat-9654	139	42	approach	approach	NOUN
easat-9654	139	43	targeting	target	VERB
easat-9654	139	44	problematic	problematic	ADJ
easat-9654	139	45	platforms	platform	NOUN
easat-9654	140	1	[	[	X
easat-9654	140	2	29	29	NUM
easat-9654	140	3	]	]	PUNCT
easat-9654	140	4	.	.	PUNCT
easat-9654	141	1	this	this	DET
easat-9654	141	2	powerful	powerful	ADJ
easat-9654	141	3	regulatory	regulatory	ADJ
easat-9654	141	4	intervention	intervention	NOUN
easat-9654	141	5	led	lead	VERB
easat-9654	141	6	to	to	ADP
easat-9654	141	7	a	a	DET
easat-9654	141	8	significant	significant	ADJ
easat-9654	141	9	decline	decline	NOUN
easat-9654	141	10	of	of	ADP
easat-9654	141	11	70	70	NUM
easat-9654	141	12	%	%	NOUN
easat-9654	141	13	in	in	ADP
easat-9654	141	14	the	the	DET
easat-9654	141	15	industry	industry	NOUN
easat-9654	141	16	's	's	PART
easat-9654	141	17	scale	scale	NOUN
easat-9654	141	18	from	from	ADP
easat-9654	141	19	its	its	PRON
easat-9654	141	20	peak	peak	NOUN
easat-9654	141	21	of	of	ADP
easat-9654	141	22	17	17	NUM
easat-9654	141	23	trillion	trillion	NUM
easat-9654	141	24	yuan	yuan	NOUN
easat-9654	141	25	,	,	PUNCT
easat-9654	141	26	dropping	drop	VERB
easat-9654	141	27	to	to	ADP
easat-9654	141	28	5	5	NUM
easat-9654	141	29	trillion	trillion	NUM
easat-9654	141	30	yuan	yuan	NOUN
easat-9654	141	31	by	by	ADP
easat-9654	141	32	2023	2023	NUM
easat-9654	141	33	.	.	PUNCT
easat-9654	142	1	this	this	PRON
easat-9654	142	2	marked	mark	VERB
easat-9654	142	3	the	the	DET
easat-9654	142	4	end	end	NOUN
easat-9654	142	5	of	of	ADP
easat-9654	142	6	the	the	DET
easat-9654	142	7	era	era	NOUN
easat-9654	142	8	of	of	ADP
easat-9654	142	9	wild	wild	ADJ
easat-9654	142	10	expansion	expansion	NOUN
easat-9654	142	11	for	for	ADP
easat-9654	142	12	china	china	PROPN
easat-9654	142	13	's	's	PART
easat-9654	142	14	p2p	p2p	NOUN
easat-9654	142	15	industry	industry	NOUN
easat-9654	142	16	[	[	X
easat-9654	142	17	30	30	NUM
easat-9654	142	18	]	]	PUNCT
easat-9654	142	19	.	.	PUNCT
easat-9654	143	1	in	in	ADP
easat-9654	143	2	contrast	contrast	NOUN
easat-9654	143	3	,	,	PUNCT
easat-9654	143	4	the	the	DET
easat-9654	143	5	p2p	p2p	NOUN
easat-9654	143	6	market	market	NOUN
easat-9654	143	7	in	in	ADP
easat-9654	143	8	indonesia	indonesia	PROPN
easat-9654	143	9	is	be	AUX
easat-9654	143	10	in	in	ADP
easat-9654	143	11	the	the	DET
easat-9654	143	12	institutionalization	institutionalization	NOUN
easat-9654	143	13	stage	stage	NOUN
easat-9654	143	14	of	of	ADP
easat-9654	143	15	regulatory	regulatory	ADJ
easat-9654	143	16	framework	framework	NOUN
easat-9654	143	17	development	development	NOUN
easat-9654	143	18	.	.	PUNCT
easat-9654	144	1	the	the	DET
easat-9654	144	2	pojk	pojk	PROPN
easat-9654	144	3	40	40	NUM
easat-9654	144	4	issued	issue	VERB
easat-9654	144	5	by	by	ADP
easat-9654	144	6	the	the	DET
easat-9654	144	7	ojk	ojk	NOUN
easat-9654	144	8	in	in	ADP
easat-9654	144	9	2024	2024	NUM
easat-9654	144	10	marks	mark	NOUN
easat-9654	144	11	the	the	DET
easat-9654	144	12	transition	transition	NOUN
easat-9654	144	13	of	of	ADP
easat-9654	144	14	the	the	DET
easat-9654	144	15	regulatory	regulatory	ADJ
easat-9654	144	16	framework	framework	NOUN
easat-9654	144	17	from	from	ADP
easat-9654	144	18	a	a	DET
easat-9654	144	19	"	"	PUNCT
easat-9654	144	20	development	development	NOUN
easat-9654	144	21	priority	priority	NOUN
easat-9654	144	22	"	"	PUNCT
easat-9654	144	23	to	to	ADP
easat-9654	144	24	"	"	PUNCT
easat-9654	144	25	risk	risk	VERB
easat-9654	144	26	prevention	prevention	NOUN
easat-9654	144	27	and	and	CCONJ
easat-9654	144	28	control	control	NOUN
easat-9654	144	29	"	"	PUNCT
easat-9654	144	30	.	.	PUNCT
easat-9654	145	1	this	this	DET
easat-9654	145	2	regulation	regulation	NOUN
easat-9654	145	3	establishes	establish	VERB
easat-9654	145	4	multi	multi	ADJ
easat-9654	145	5	-	-	ADJ
easat-9654	145	6	faceted	faceted	ADJ
easat-9654	145	7	market	market	NOUN
easat-9654	145	8	access	access	NOUN
easat-9654	145	9	and	and	CCONJ
easat-9654	145	10	operational	operational	ADJ
easat-9654	145	11	standards	standard	NOUN
easat-9654	145	12	through	through	ADP
easat-9654	145	13	quantitative	quantitative	ADJ
easat-9654	145	14	indicators	indicator	NOUN
easat-9654	145	15	,	,	PUNCT
easat-9654	145	16	including	include	VERB
easat-9654	145	17	a	a	DET
easat-9654	145	18	paidin	paidin	VERB
easat-9654	145	19	capital	capital	NOUN
easat-9654	145	20	requirement	requirement	NOUN
easat-9654	145	21	of	of	ADP
easat-9654	145	22	200	200	NUM
easat-9654	145	23	billion	billion	NUM
easat-9654	145	24	indonesian	indonesian	ADJ
easat-9654	145	25	rupiah	rupiah	NOUN
easat-9654	145	26	(	(	PUNCT
easat-9654	145	27	approximately	approximately	ADV
easat-9654	145	28	11	11	NUM
easat-9654	145	29	million	million	NUM
easat-9654	145	30	yuan	yuan	NOUN
easat-9654	145	31	)	)	PUNCT
easat-9654	145	32	,	,	PUNCT
easat-9654	145	33	a	a	DET
easat-9654	145	34	foreign	foreign	ADJ
easat-9654	145	35	shareholding	shareholding	NOUN
easat-9654	145	36	limit	limit	NOUN
easat-9654	145	37	of	of	ADP
easat-9654	145	38	85	85	NUM
easat-9654	145	39	%	%	NOUN
easat-9654	145	40	,	,	PUNCT
easat-9654	145	41	and	and	CCONJ
easat-9654	145	42	a	a	DET
easat-9654	145	43	maximum	maximum	ADJ
easat-9654	145	44	limit	limit	NOUN
easat-9654	145	45	of	of	ADP
easat-9654	145	46	50	50	NUM
easat-9654	145	47	billion	billion	NUM
easat-9654	145	48	indonesian	indonesian	ADJ
easat-9654	145	49	rupiah	rupiah	NOUN
easat-9654	145	50	(	(	PUNCT
easat-9654	145	51	approximately	approximately	ADV
easat-9654	145	52	22	22	NUM
easat-9654	145	53	million	million	NUM
easat-9654	145	54	yuan	yuan	NOUN
easat-9654	145	55	)	)	PUNCT
easat-9654	145	56	for	for	ADP
easat-9654	145	57	productive	productive	ADJ
easat-9654	145	58	loans	loan	NOUN
easat-9654	145	59	[	[	X
easat-9654	145	60	31	31	NUM
easat-9654	145	61	]	]	PUNCT
easat-9654	145	62	.	.	PUNCT
easat-9654	146	1	this	this	DET
easat-9654	146	2	governance	governance	NOUN
easat-9654	146	3	model	model	NOUN
easat-9654	146	4	that	that	PRON
easat-9654	146	5	combines	combine	VERB
easat-9654	146	6	the	the	DET
easat-9654	146	7	"	"	PUNCT
easat-9654	146	8	regulatory	regulatory	ADJ
easat-9654	146	9	sandbox	sandbox	NOUN
easat-9654	146	10	"	"	PUNCT
easat-9654	146	11	with	with	ADP
easat-9654	146	12	the	the	DET
easat-9654	146	13	"	"	PUNCT
easat-9654	146	14	negative	negative	ADJ
easat-9654	146	15	list	list	NOUN
easat-9654	146	16	"	"	PUNCT
easat-9654	146	17	has	have	AUX
easat-9654	146	18	driven	drive	VERB
easat-9654	146	19	the	the	DET
easat-9654	146	20	industry	industry	NOUN
easat-9654	146	21	's	's	PART
easat-9654	146	22	financing	financing	NOUN
easat-9654	146	23	scale	scale	NOUN
easat-9654	146	24	to	to	PART
easat-9654	146	25	reach	reach	VERB
easat-9654	146	26	2.5	2.5	NUM
easat-9654	146	27	billion	billion	NUM
easat-9654	146	28	us	us	PROPN
easat-9654	146	29	dollars	dollar	NOUN
easat-9654	146	30	in	in	ADP
easat-9654	146	31	2023	2023	NUM
easat-9654	146	32	,	,	PUNCT
easat-9654	146	33	representing	represent	VERB
easat-9654	146	34	a	a	DET
easat-9654	146	35	year	year	NOUN
easat-9654	146	36	-	-	PUNCT
easat-9654	146	37	on	on	ADP
easat-9654	146	38	-	-	PUNCT
easat-9654	146	39	year	year	NOUN
easat-9654	146	40	growth	growth	NOUN
easat-9654	146	41	of	of	ADP
easat-9654	146	42	14.28	14.28	NUM
easat-9654	146	43	%	%	NOUN
easat-9654	146	44	,	,	PUNCT
easat-9654	146	45	and	and	CCONJ
easat-9654	146	46	initiated	initiate	VERB
easat-9654	146	47	the	the	DET
easat-9654	146	48	second	second	ADJ
easat-9654	146	49	boom	boom	NOUN
easat-9654	146	50	cycle	cycle	NOUN
easat-9654	146	51	led	lead	VERB
easat-9654	146	52	by	by	ADP
easat-9654	146	53	institutions	institution	NOUN
easat-9654	146	54	with	with	ADP
easat-9654	146	55	chinese	chinese	ADJ
easat-9654	146	56	capital	capital	NOUN
easat-9654	146	57	background	background	NOUN
easat-9654	146	58	such	such	ADJ
easat-9654	146	59	as	as	ADP
easat-9654	146	60	akulaku	akulaku	NOUN
easat-9654	146	61	[	[	X
easat-9654	146	62	32	32	NUM
easat-9654	146	63	]	]	PUNCT
easat-9654	146	64	.	.	PUNCT
easat-9654	147	1	in	in	ADP
easat-9654	147	2	the	the	DET
easat-9654	147	3	field	field	NOUN
easat-9654	147	4	of	of	ADP
easat-9654	147	5	digital	digital	ADJ
easat-9654	147	6	payment	payment	NOUN
easat-9654	147	7	,	,	PUNCT
easat-9654	147	8	china	china	PROPN
easat-9654	147	9	's	's	PART
easat-9654	147	10	digital	digital	ADJ
easat-9654	147	11	payment	payment	NOUN
easat-9654	147	12	system	system	NOUN
easat-9654	147	13	has	have	AUX
easat-9654	147	14	entered	enter	VERB
easat-9654	147	15	a	a	DET
easat-9654	147	16	relatively	relatively	ADV
easat-9654	147	17	mature	mature	ADJ
easat-9654	147	18	stage	stage	NOUN
easat-9654	147	19	.	.	PUNCT
easat-9654	148	1	it	it	PRON
easat-9654	148	2	has	have	AUX
easat-9654	148	3	demonstrated	demonstrate	VERB
easat-9654	148	4	a	a	DET
easat-9654	148	5	three	three	NUM
easat-9654	148	6	-	-	PUNCT
easat-9654	148	7	spiral	spiral	ADJ
easat-9654	148	8	evolution	evolution	NOUN
easat-9654	148	9	model	model	NOUN
easat-9654	148	10	of	of	ADP
easat-9654	148	11	"	"	PUNCT
easat-9654	148	12	technological	technological	ADJ
easat-9654	148	13	iteration	iteration	NOUN
easat-9654	148	14	institutional	institutional	ADJ
easat-9654	148	15	innovation	innovation	NOUN
easat-9654	148	16	market	market	NOUN
easat-9654	148	17	monopoly	monopoly	NOUN
easat-9654	148	18	"	"	PUNCT
easat-9654	148	19	.	.	PUNCT
easat-9654	149	1	as	as	ADP
easat-9654	149	2	of	of	ADP
easat-9654	149	3	2023	2023	NUM
easat-9654	149	4	,	,	PUNCT
easat-9654	149	5	the	the	DET
easat-9654	149	6	penetration	penetration	NOUN
easat-9654	149	7	rate	rate	NOUN
easat-9654	149	8	of	of	ADP
easat-9654	149	9	mobile	mobile	ADJ
easat-9654	149	10	payment	payment	NOUN
easat-9654	149	11	in	in	ADP
easat-9654	149	12	china	china	PROPN
easat-9654	149	13	has	have	AUX
easat-9654	149	14	reached	reach	VERB
easat-9654	149	15	86	86	NUM
easat-9654	149	16	%	%	NOUN
easat-9654	149	17	,	,	PUNCT
easat-9654	149	18	leading	lead	VERB
easat-9654	149	19	the	the	DET
easat-9654	149	20	world	world	NOUN
easat-9654	149	21	[	[	X
easat-9654	149	22	33	33	NUM
easat-9654	149	23	]	]	PUNCT
easat-9654	149	24	.	.	PUNCT
easat-9654	150	1	among	among	ADP
easat-9654	150	2	them	they	PRON
easat-9654	150	3	,	,	PUNCT
easat-9654	150	4	alipay	alipay	PROPN
easat-9654	150	5	and	and	CCONJ
easat-9654	150	6	wechat	wechat	PROPN
easat-9654	150	7	have	have	AUX
easat-9654	150	8	formed	form	VERB
easat-9654	150	9	a	a	DET
easat-9654	150	10	duopoly	duopoly	ADJ
easat-9654	150	11	covering	cover	VERB
easat-9654	150	12	all	all	DET
easat-9654	150	13	consumption	consumption	NOUN
easat-9654	150	14	scenarios	scenario	NOUN
easat-9654	150	15	through	through	ADP
easat-9654	150	16	the	the	DET
easat-9654	150	17	strategy	strategy	NOUN
easat-9654	150	18	of	of	ADP
easat-9654	150	19	"	"	PUNCT
easat-9654	150	20	scene	scene	NOUN
easat-9654	150	21	penetration	penetration	NOUN
easat-9654	150	22	network	network	NOUN
easat-9654	150	23	effect	effect	NOUN
easat-9654	150	24	ecological	ecological	ADJ
easat-9654	150	25	closed	closed	ADJ
easat-9654	150	26	loop	loop	NOUN
easat-9654	150	27	"	"	PUNCT
easat-9654	150	28	,	,	PUNCT
easat-9654	150	29	with	with	ADP
easat-9654	150	30	a	a	DET
easat-9654	150	31	market	market	NOUN
easat-9654	150	32	share	share	NOUN
easat-9654	150	33	of	of	ADP
easat-9654	150	34	over	over	ADP
easat-9654	150	35	90	90	NUM
easat-9654	150	36	%	%	NOUN
easat-9654	150	37	[	[	X
easat-9654	150	38	34	34	NUM
easat-9654	150	39	]	]	PUNCT
easat-9654	150	40	.	.	PUNCT
easat-9654	151	1	this	this	DET
easat-9654	151	2	market	market	NOUN
easat-9654	151	3	structure	structure	NOUN
easat-9654	151	4	can	can	AUX
easat-9654	151	5	be	be	AUX
easat-9654	151	6	viewed	view	VERB
easat-9654	151	7	as	as	ADP
easat-9654	151	8	the	the	DET
easat-9654	151	9	outcome	outcome	NOUN
easat-9654	151	10	of	of	ADP
easat-9654	151	11	the	the	DET
easat-9654	151	12	concurrent	concurrent	ADJ
easat-9654	151	13	advancement	advancement	NOUN
easat-9654	151	14	of	of	ADP
easat-9654	151	15	china	china	PROPN
easat-9654	151	16	's	's	PART
easat-9654	151	17	technological	technological	ADJ
easat-9654	151	18	innovations	innovation	NOUN
easat-9654	151	19	(	(	PUNCT
easat-9654	151	20	such	such	ADJ
easat-9654	151	21	as	as	ADP
easat-9654	151	22	biometric	biometric	ADJ
easat-9654	151	23	identification	identification	NOUN
easat-9654	151	24	and	and	CCONJ
easat-9654	151	25	blockchain	blockchain	NOUN
easat-9654	151	26	)	)	PUNCT
easat-9654	151	27	and	and	CCONJ
easat-9654	151	28	institutional	institutional	ADJ
easat-9654	151	29	regulations	regulation	NOUN
easat-9654	151	30	(	(	PUNCT
easat-9654	151	31	such	such	ADJ
easat-9654	151	32	as	as	ADP
easat-9654	151	33	the	the	DET
easat-9654	151	34	administrative	administrative	ADJ
easat-9654	151	35	measures	measure	NOUN
easat-9654	151	36	for	for	ADP
easat-9654	151	37	online	online	ADJ
easat-9654	151	38	payment	payment	NOUN
easat-9654	151	39	services	service	NOUN
easat-9654	151	40	of	of	ADP
easat-9654	151	41	non	non	ADJ
easat-9654	151	42	-	-	ADJ
easat-9654	151	43	bank	bank	ADJ
easat-9654	151	44	payment	payment	NOUN
easat-9654	151	45	institutions	institution	NOUN
easat-9654	151	46	)	)	PUNCT
easat-9654	151	47	.	.	PUNCT
easat-9654	152	1	notably	notably	ADV
easat-9654	152	2	,	,	PUNCT
easat-9654	152	3	since	since	SCONJ
easat-9654	152	4	the	the	DET
easat-9654	152	5	people	people	NOUN
easat-9654	152	6	's	's	PART
easat-9654	152	7	bank	bank	PROPN
easat-9654	152	8	of	of	ADP
easat-9654	152	9	china	china	PROPN
easat-9654	152	10	issued	issue	VERB
easat-9654	152	11	the	the	DET
easat-9654	152	12	digital	digital	ADJ
easat-9654	152	13	currency	currency	NOUN
easat-9654	152	14	/	/	SYM
easat-9654	152	15	electronic	electronic	ADJ
easat-9654	152	16	payment	payment	NOUN
easat-9654	152	17	(	(	PUNCT
easat-9654	152	18	dc	dc	PROPN
easat-9654	152	19	/	/	SYM
easat-9654	152	20	ep	ep	PROPN
easat-9654	152	21	)	)	PUNCT
easat-9654	152	22	in	in	ADP
easat-9654	152	23	2014	2014	NUM
easat-9654	152	24	,	,	PUNCT
easat-9654	152	25	it	it	PRON
easat-9654	152	26	has	have	AUX
easat-9654	152	27	undergone	undergo	VERB
easat-9654	152	28	a	a	DET
easat-9654	152	29	transformation	transformation	NOUN
easat-9654	152	30	from	from	ADP
easat-9654	152	31	"	"	PUNCT
easat-9654	152	32	technological	technological	ADJ
easat-9654	152	33	reserve	reserve	NOUN
easat-9654	152	34	"	"	PUNCT
easat-9654	152	35	to	to	ADP
easat-9654	152	36	"	"	PUNCT
easat-9654	152	37	strategic	strategic	ADJ
easat-9654	152	38	instrument	instrument	NOUN
easat-9654	152	39	[	[	X
easat-9654	152	40	35	35	NUM
easat-9654	152	41	]	]	PUNCT
easat-9654	152	42	.	.	PUNCT
easat-9654	153	1	the	the	DET
easat-9654	153	2	innovative	innovative	ADJ
easat-9654	153	3	features	feature	NOUN
easat-9654	153	4	of	of	ADP
easat-9654	153	5	this	this	DET
easat-9654	153	6	new	new	ADJ
easat-9654	153	7	type	type	NOUN
easat-9654	153	8	of	of	ADP
easat-9654	153	9	digital	digital	ADJ
easat-9654	153	10	currency	currency	NOUN
easat-9654	153	11	,	,	PUNCT
easat-9654	153	12	such	such	ADJ
easat-9654	153	13	as	as	ADP
easat-9654	153	14	dual	dual	ADJ
easat-9654	153	15	offline	offline	ADJ
easat-9654	153	16	payment	payment	NOUN
easat-9654	153	17	and	and	CCONJ
easat-9654	153	18	smart	smart	ADJ
easat-9654	153	19	contracts	contract	NOUN
easat-9654	153	20	,	,	PUNCT
easat-9654	153	21	not	not	PART
easat-9654	153	22	only	only	ADV
easat-9654	153	23	change	change	VERB
easat-9654	153	24	the	the	DET
easat-9654	153	25	nature	nature	NOUN
easat-9654	153	26	of	of	ADP
easat-9654	153	27	monetary	monetary	ADJ
easat-9654	153	28	and	and	CCONJ
easat-9654	153	29	payment	payment	NOUN
easat-9654	153	30	infrastructure	infrastructure	NOUN
easat-9654	153	31	,	,	PUNCT
easat-9654	153	32	but	but	CCONJ
easat-9654	153	33	also	also	ADV
easat-9654	153	34	provide	provide	VERB
easat-9654	153	35	a	a	DET
easat-9654	153	36	technical	technical	ADJ
easat-9654	153	37	solution	solution	NOUN
easat-9654	153	38	to	to	PART
easat-9654	153	39	overcome	overcome	VERB
easat-9654	153	40	the	the	DET
easat-9654	153	41	"	"	PUNCT
easat-9654	153	42	triffin	triffin	NOUN
easat-9654	153	43	dilemma	dilemma	NOUN
easat-9654	153	44	"	"	PUNCT
easat-9654	153	45	in	in	ADP
easat-9654	153	46	the	the	DET
easat-9654	153	47	context	context	NOUN
easat-9654	153	48	of	of	ADP
easat-9654	153	49	the	the	DET
easat-9654	153	50	internationalization	internationalization	NOUN
easat-9654	153	51	of	of	ADP
easat-9654	153	52	the	the	DET
easat-9654	153	53	rmb	rmb	NOUN
easat-9654	153	54	.	.	PUNCT
easat-9654	154	1	however	however	ADV
easat-9654	154	2	,	,	PUNCT
easat-9654	154	3	indonesia	indonesia	PROPN
easat-9654	154	4	's	's	PART
easat-9654	154	5	digital	digital	ADJ
easat-9654	154	6	payment	payment	NOUN
easat-9654	154	7	system	system	NOUN
easat-9654	154	8	is	be	AUX
easat-9654	154	9	catching	catch	VERB
easat-9654	154	10	up	up	ADP
easat-9654	154	11	from	from	ADP
easat-9654	154	12	behind	behind	ADP
easat-9654	154	13	.	.	PUNCT
easat-9654	155	1	nevertheless	nevertheless	ADV
easat-9654	155	2	,	,	PUNCT
easat-9654	155	3	compared	compare	VERB
easat-9654	155	4	with	with	ADP
easat-9654	155	5	china	china	PROPN
easat-9654	155	6	,	,	PUNCT
easat-9654	155	7	despite	despite	SCONJ
easat-9654	155	8	the	the	DET
easat-9654	155	9	government	government	NOUN
easat-9654	155	10	's	's	PART
easat-9654	155	11	implementation	implementation	NOUN
easat-9654	155	12	of	of	ADP
easat-9654	155	13	a	a	DET
easat-9654	155	14	standardized	standardized	ADJ
easat-9654	155	15	qr	qr	NOUN
easat-9654	155	16	code	code	NOUN
easat-9654	155	17	system	system	NOUN
easat-9654	155	18	,	,	PUNCT
easat-9654	155	19	qris	qris	NOUN
easat-9654	155	20	,	,	PUNCT
easat-9654	155	21	in	in	ADP
easat-9654	155	22	2019	2019	NUM
easat-9654	155	23	,	,	PUNCT
easat-9654	155	24	aiming	aim	VERB
easat-9654	155	25	to	to	PART
easat-9654	155	26	unify	unify	VERB
easat-9654	155	27	the	the	DET
easat-9654	155	28	fragmented	fragmented	ADJ
easat-9654	155	29	payment	payment	NOUN
easat-9654	155	30	market	market	NOUN
easat-9654	155	31	through	through	ADP
easat-9654	155	32	a	a	DET
easat-9654	155	33	"	"	PUNCT
easat-9654	155	34	regulatory	regulatory	ADJ
easat-9654	155	35	patch	patch	NOUN
easat-9654	155	36	"	"	PUNCT
easat-9654	155	37	,	,	PUNCT
easat-9654	155	38	there	there	PRON
easat-9654	155	39	still	still	ADV
easat-9654	155	40	exist	exist	VERB
easat-9654	155	41	significant	significant	ADJ
easat-9654	155	42	contradictions	contradiction	NOUN
easat-9654	155	43	:	:	PUNCT
easat-9654	155	44	cash	cash	NOUN
easat-9654	155	45	dependence	dependence	NOUN
easat-9654	155	46	exceeds	exceed	VERB
easat-9654	155	47	50	50	NUM
easat-9654	155	48	%	%	NOUN
easat-9654	155	49	,	,	PUNCT
easat-9654	155	50	and	and	CCONJ
easat-9654	155	51	bank	bank	NOUN
easat-9654	155	52	transfers	transfer	NOUN
easat-9654	155	53	only	only	ADV
easat-9654	155	54	account	account	VERB
easat-9654	155	55	for	for	ADP
easat-9654	155	56	32.21	32.21	NUM
easat-9654	155	57	%	%	NOUN
easat-9654	155	58	of	of	ADP
easat-9654	155	59	e	e	NOUN
easat-9654	155	60	-	-	NOUN
easat-9654	155	61	commerce	commerce	NOUN
easat-9654	155	62	transactions	transaction	NOUN
easat-9654	155	63	,	,	PUNCT
easat-9654	155	64	indicating	indicate	VERB
easat-9654	155	65	the	the	DET
easat-9654	155	66	insufficiency	insufficiency	NOUN
easat-9654	155	67	of	of	ADP
easat-9654	155	68	traditional	traditional	ADJ
easat-9654	155	69	financial	financial	ADJ
easat-9654	155	70	infrastructure	infrastructure	NOUN
easat-9654	155	71	[	[	X
easat-9654	155	72	36	36	NUM
easat-9654	155	73	]	]	PUNCT
easat-9654	155	74	meanwhile	meanwhile	ADV
easat-9654	155	75	,	,	PUNCT
easat-9654	155	76	the	the	DET
easat-9654	155	77	electronic	electronic	ADJ
easat-9654	155	78	wallet	wallet	NOUN
easat-9654	155	79	industry	industry	NOUN
easat-9654	155	80	in	in	ADP
easat-9654	155	81	indonesia	indonesia	PROPN
easat-9654	155	82	is	be	AUX
easat-9654	155	83	highly	highly	ADV
easat-9654	155	84	competitive	competitive	ADJ
easat-9654	155	85	,	,	PUNCT
easat-9654	155	86	with	with	ADP
easat-9654	155	87	over	over	ADP
easat-9654	155	88	ten	ten	NUM
easat-9654	155	89	rivals	rival	NOUN
easat-9654	155	90	,	,	PUNCT
easat-9654	155	91	including	include	VERB
easat-9654	155	92	gopay	gopay	NOUN
easat-9654	155	93	and	and	CCONJ
easat-9654	155	94	ovo	ovo	PROPN
easat-9654	156	1	[	[	X
easat-9654	156	2	37	37	NUM
easat-9654	156	3	]	]	PUNCT
easat-9654	156	4	.	.	PUNCT
easat-9654	157	1	this	this	PRON
easat-9654	157	2	has	have	AUX
easat-9654	157	3	led	lead	VERB
easat-9654	157	4	to	to	ADP
easat-9654	157	5	the	the	DET
easat-9654	157	6	fragmentation	fragmentation	NOUN
easat-9654	157	7	of	of	ADP
easat-9654	157	8	the	the	DET
easat-9654	157	9	digital	digital	ADJ
easat-9654	157	10	payment	payment	NOUN
easat-9654	157	11	market	market	NOUN
easat-9654	157	12	in	in	ADP
easat-9654	157	13	indonesia	indonesia	PROPN
easat-9654	157	14	.	.	PUNCT
easat-9654	158	1	such	such	DET
easat-9654	158	2	a	a	DET
easat-9654	158	3	fragmented	fragmented	ADJ
easat-9654	158	4	payment	payment	NOUN
easat-9654	158	5	system	system	NOUN
easat-9654	158	6	has	have	AUX
easat-9654	158	7	instead	instead	ADV
easat-9654	158	8	made	make	VERB
easat-9654	158	9	it	it	PRON
easat-9654	158	10	difficult	difficult	ADJ
easat-9654	158	11	for	for	SCONJ
easat-9654	158	12	indonesians	indonesians	PROPN
easat-9654	158	13	to	to	PART
easat-9654	158	14	develop	develop	VERB
easat-9654	158	15	a	a	DET
easat-9654	158	16	preference	preference	NOUN
easat-9654	158	17	for	for	ADP
easat-9654	158	18	digital	digital	ADJ
easat-9654	158	19	payment	payment	NOUN
easat-9654	158	20	systems	system	NOUN
easat-9654	158	21	.	.	PUNCT
easat-9654	159	1	additionally	additionally	ADV
easat-9654	159	2	,	,	PUNCT
easat-9654	159	3	insufficient	insufficient	ADJ
easat-9654	159	4	infrastructure	infrastructure	NOUN
easat-9654	159	5	(	(	PUNCT
easat-9654	159	6	for	for	ADP
easat-9654	159	7	instance	instance	NOUN
easat-9654	159	8	,	,	PUNCT
easat-9654	159	9	4	4	NUM
easat-9654	159	10	g	g	NOUN
easat-9654	159	11	coverage	coverage	NOUN
easat-9654	159	12	in	in	ADP
easat-9654	159	13	rural	rural	ADJ
easat-9654	159	14	areas	area	NOUN
easat-9654	159	15	is	be	AUX
easat-9654	159	16	less	less	ADJ
easat-9654	159	17	than	than	ADP
easat-9654	159	18	60	60	NUM
easat-9654	159	19	%	%	NOUN
easat-9654	159	20	)	)	PUNCT
easat-9654	159	21	and	and	CCONJ
easat-9654	159	22	increased	increase	VERB
easat-9654	159	23	operating	operating	NOUN
easat-9654	159	24	costs	cost	NOUN
easat-9654	159	25	have	have	AUX
easat-9654	159	26	also	also	ADV
easat-9654	159	27	indirectly	indirectly	ADV
easat-9654	159	28	hindered	hinder	VERB
easat-9654	159	29	the	the	DET
easat-9654	159	30	inclusiveness	inclusiveness	NOUN
easat-9654	159	31	of	of	ADP
easat-9654	159	32	digital	digital	ADJ
easat-9654	159	33	payments	payment	NOUN
easat-9654	159	34	.	.	PUNCT
easat-9654	160	1	2.3.2	2.3.2	X
easat-9654	160	2	.	.	X
easat-9654	160	3	comparison	comparison	NOUN
easat-9654	160	4	with	with	ADP
easat-9654	160	5	singapore	singapore	PROPN
easat-9654	160	6	the	the	DET
easat-9654	160	7	regulatory	regulatory	ADJ
easat-9654	160	8	environment	environment	NOUN
easat-9654	160	9	for	for	ADP
easat-9654	160	10	singapore	singapore	PROPN
easat-9654	160	11	's	's	PART
easat-9654	160	12	internet	internet	NOUN
easat-9654	160	13	finance	finance	NOUN
easat-9654	160	14	embodies	embody	VERB
easat-9654	160	15	"	"	PUNCT
easat-9654	160	16	institutional	institutional	ADJ
easat-9654	160	17	rationalism	rationalism	NOUN
easat-9654	160	18	.	.	PUNCT
easat-9654	160	19	"	"	PUNCT
easat-9654	161	1	the	the	DET
easat-9654	161	2	centralized	centralized	ADJ
easat-9654	161	3	regulatory	regulatory	ADJ
easat-9654	161	4	framework	framework	NOUN
easat-9654	161	5	centered	center	VERB
easat-9654	161	6	on	on	ADP
easat-9654	161	7	the	the	DET
easat-9654	161	8	monetary	monetary	ADJ
easat-9654	161	9	authority	authority	NOUN
easat-9654	161	10	of	of	ADP
easat-9654	161	11	singapore	singapore	PROPN
easat-9654	161	12	(	(	PUNCT
easat-9654	161	13	mas	mas	PROPN
easat-9654	161	14	)	)	PUNCT
easat-9654	161	15	has	have	AUX
easat-9654	161	16	established	establish	VERB
easat-9654	161	17	a	a	DET
easat-9654	161	18	tripartite	tripartite	ADJ
easat-9654	161	19	coupling	coupling	NOUN
easat-9654	161	20	mechanism	mechanism	NOUN
easat-9654	161	21	encompassing	encompass	VERB
easat-9654	161	22	monetary	monetary	ADJ
easat-9654	161	23	policy	policy	NOUN
easat-9654	161	24	,	,	PUNCT
easat-9654	161	25	institutional	institutional	ADJ
easat-9654	161	26	supervision	supervision	NOUN
easat-9654	161	27	,	,	PUNCT
easat-9654	161	28	1564	1564	NUM
easat-9654	161	29	edelweiss	edelweiss	PROPN
easat-9654	161	30	applied	apply	VERB
easat-9654	161	31	science	science	NOUN
easat-9654	161	32	and	and	CCONJ
easat-9654	161	33	technology	technology	NOUN
easat-9654	161	34	issn	issn	PROPN
easat-9654	161	35	:	:	PUNCT
easat-9654	161	36	2576	2576	NUM
easat-9654	161	37	-	-	SYM
easat-9654	161	38	8484	8484	NUM
easat-9654	161	39	vol	vol	NOUN
easat-9654	161	40	.	.	PROPN
easat-9654	162	1	9	9	NUM
easat-9654	162	2	,	,	PUNCT
easat-9654	162	3	no	no	INTJ
easat-9654	162	4	.	.	NOUN
easat-9654	162	5	8	8	NUM
easat-9654	162	6	:	:	SYM
easat-9654	162	7	1558	1558	NUM
easat-9654	162	8	-	-	SYM
easat-9654	162	9	1579	1579	NUM
easat-9654	162	10	,	,	PUNCT
easat-9654	162	11	2025	2025	NUM
easat-9654	162	12	doi	doi	NOUN
easat-9654	162	13	:	:	PUNCT
easat-9654	162	14	10.55214/2576	10.55214/2576	NUM
easat-9654	162	15	-	-	PUNCT
easat-9654	162	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	162	17	©	©	PROPN
easat-9654	162	18	2025	2025	NUM
easat-9654	162	19	by	by	ADP
easat-9654	162	20	the	the	DET
easat-9654	162	21	authors	author	NOUN
easat-9654	162	22	;	;	PUNCT
easat-9654	162	23	licensee	licensee	PROPN
easat-9654	162	24	learning	learn	VERB
easat-9654	162	25	gate	gate	NOUN
easat-9654	162	26	and	and	CCONJ
easat-9654	162	27	innovation	innovation	NOUN
easat-9654	162	28	incentives	incentive	NOUN
easat-9654	162	29	.	.	PUNCT
easat-9654	163	1	this	this	DET
easat-9654	163	2	"	"	PUNCT
easat-9654	163	3	decision	decision	NOUN
easat-9654	163	4	-	-	PUNCT
easat-9654	163	5	making	make	VERB
easat-9654	163	6	center	center	NOUN
easat-9654	163	7	-	-	PUNCT
easat-9654	163	8	execution	execution	NOUN
easat-9654	163	9	terminal	terminal	NOUN
easat-9654	163	10	"	"	PUNCT
easat-9654	163	11	flat	flat	ADJ
easat-9654	163	12	structure	structure	NOUN
easat-9654	163	13	minimizes	minimize	VERB
easat-9654	163	14	opportunities	opportunity	NOUN
easat-9654	163	15	for	for	ADP
easat-9654	163	16	regulatory	regulatory	ADJ
easat-9654	163	17	arbitrage	arbitrage	NOUN
easat-9654	163	18	while	while	SCONJ
easat-9654	163	19	establishing	establish	VERB
easat-9654	163	20	a	a	DET
easat-9654	163	21	dynamic	dynamic	ADJ
easat-9654	163	22	equilibrium	equilibrium	NOUN
easat-9654	163	23	between	between	ADP
easat-9654	163	24	"	"	PUNCT
easat-9654	163	25	controlled	control	VERB
easat-9654	163	26	experimentation	experimentation	NOUN
easat-9654	163	27	"	"	PUNCT
easat-9654	163	28	and	and	CCONJ
easat-9654	163	29	"	"	PUNCT
easat-9654	163	30	risk	risk	NOUN
easat-9654	163	31	mitigation	mitigation	NOUN
easat-9654	163	32	"	"	PUNCT
easat-9654	163	33	through	through	ADP
easat-9654	163	34	a	a	DET
easat-9654	163	35	layered	layered	ADJ
easat-9654	163	36	"	"	PUNCT
easat-9654	163	37	regulatory	regulatory	ADJ
easat-9654	163	38	sandbox	sandbox	NOUN
easat-9654	163	39	"	"	PUNCT
easat-9654	163	40	design	design	NOUN
easat-9654	163	41	incorporating	incorporate	VERB
easat-9654	163	42	a	a	DET
easat-9654	163	43	three	three	NUM
easat-9654	163	44	-	-	PUNCT
easat-9654	163	45	tiered	tiere	VERB
easat-9654	163	46	system	system	NOUN
easat-9654	163	47	of	of	ADP
easat-9654	163	48	standard	standard	ADJ
easat-9654	163	49	sandbox	sandbox	NOUN
easat-9654	163	50	,	,	PUNCT
easat-9654	163	51	fast	fast	ADJ
easat-9654	163	52	-	-	PUNCT
easat-9654	163	53	track	track	NOUN
easat-9654	163	54	,	,	PUNCT
easat-9654	163	55	and	and	CCONJ
easat-9654	163	56	premium	premium	NOUN
easat-9654	163	57	versions	version	NOUN
easat-9654	163	58	[	[	X
easat-9654	163	59	38	38	NUM
easat-9654	163	60	]	]	PUNCT
easat-9654	163	61	.	.	PUNCT
easat-9654	164	1	in	in	ADP
easat-9654	164	2	addition	addition	NOUN
easat-9654	164	3	,	,	PUNCT
easat-9654	164	4	mas	mas	PROPN
easat-9654	164	5	's	's	PART
easat-9654	164	6	regulatory	regulatory	ADJ
easat-9654	164	7	framework	framework	NOUN
easat-9654	164	8	classifies	classify	VERB
easat-9654	164	9	digital	digital	ADJ
easat-9654	164	10	currencies	currency	NOUN
easat-9654	164	11	into	into	ADP
easat-9654	164	12	payment	payment	NOUN
easat-9654	164	13	tokens	token	NOUN
easat-9654	164	14	,	,	PUNCT
easat-9654	164	15	security	security	NOUN
easat-9654	164	16	tokens	token	NOUN
easat-9654	164	17	and	and	CCONJ
easat-9654	164	18	utility	utility	NOUN
easat-9654	164	19	tokens	token	NOUN
easat-9654	164	20	[	[	X
easat-9654	164	21	39	39	NUM
easat-9654	164	22	]	]	PUNCT
easat-9654	164	23	.	.	PUNCT
easat-9654	165	1	this	this	PRON
easat-9654	165	2	reflects	reflect	VERB
easat-9654	165	3	a	a	DET
easat-9654	165	4	"	"	PUNCT
easat-9654	165	5	risk	risk	NOUN
easat-9654	165	6	stratified	stratify	VERB
easat-9654	165	7	governance	governance	NOUN
easat-9654	165	8	"	"	PUNCT
easat-9654	165	9	concept	concept	NOUN
easat-9654	165	10	at	at	ADP
easat-9654	165	11	the	the	DET
easat-9654	165	12	risk	risk	NOUN
easat-9654	165	13	governance	governance	NOUN
easat-9654	165	14	level	level	NOUN
easat-9654	165	15	.	.	PUNCT
easat-9654	166	1	digital	digital	ADJ
easat-9654	166	2	assets	asset	NOUN
easat-9654	166	3	are	be	AUX
easat-9654	166	4	classified	classify	VERB
easat-9654	166	5	into	into	ADP
easat-9654	166	6	three	three	NUM
easat-9654	166	7	attributes	attribute	NOUN
easat-9654	166	8	:	:	PUNCT
easat-9654	166	9	payment	payment	NOUN
easat-9654	166	10	tools	tool	NOUN
easat-9654	166	11	,	,	PUNCT
easat-9654	166	12	security	security	NOUN
easat-9654	166	13	certificates	certificate	NOUN
easat-9654	166	14	,	,	PUNCT
easat-9654	166	15	and	and	CCONJ
easat-9654	166	16	functional	functional	ADJ
easat-9654	166	17	carriers	carrier	NOUN
easat-9654	166	18	,	,	PUNCT
easat-9654	166	19	allowing	allow	VERB
easat-9654	166	20	for	for	ADP
easat-9654	166	21	tailored	tailored	ADJ
easat-9654	166	22	regulatory	regulatory	ADJ
easat-9654	166	23	measures	measure	NOUN
easat-9654	166	24	based	base	VERB
easat-9654	166	25	on	on	ADP
easat-9654	166	26	risk	risk	NOUN
easat-9654	166	27	transmission	transmission	NOUN
easat-9654	166	28	mechanisms	mechanism	NOUN
easat-9654	166	29	and	and	CCONJ
easat-9654	166	30	the	the	DET
easat-9654	166	31	degree	degree	NOUN
easat-9654	166	32	of	of	ADP
easat-9654	166	33	externality	externality	NOUN
easat-9654	166	34	,	,	PUNCT
easat-9654	166	35	such	such	ADJ
easat-9654	166	36	as	as	ADP
easat-9654	166	37	mandatory	mandatory	ADJ
easat-9654	166	38	licensing	licensing	NOUN
easat-9654	166	39	for	for	ADP
easat-9654	166	40	payment	payment	NOUN
easat-9654	166	41	tokens	token	NOUN
easat-9654	166	42	and	and	CCONJ
easat-9654	166	43	minimum	minimum	ADJ
easat-9654	166	44	regulatory	regulatory	ADJ
easat-9654	166	45	standards	standard	NOUN
easat-9654	166	46	for	for	ADP
easat-9654	166	47	functional	functional	ADJ
easat-9654	166	48	tokens	token	NOUN
easat-9654	166	49	.	.	PUNCT
easat-9654	167	1	this	this	DET
easat-9654	167	2	adaptive	adaptive	ADJ
easat-9654	167	3	design	design	NOUN
easat-9654	167	4	of	of	ADP
easat-9654	167	5	"	"	PUNCT
easat-9654	167	6	risk	risk	NOUN
easat-9654	167	7	tools	tool	NOUN
easat-9654	167	8	"	"	PUNCT
easat-9654	167	9	not	not	PART
easat-9654	167	10	only	only	ADV
easat-9654	167	11	mitigates	mitigate	VERB
easat-9654	167	12	the	the	DET
easat-9654	167	13	efficiency	efficiency	NOUN
easat-9654	167	14	losses	loss	NOUN
easat-9654	167	15	caused	cause	VERB
easat-9654	167	16	by	by	ADP
easat-9654	167	17	a	a	DET
easat-9654	167	18	one	one	NUM
easat-9654	167	19	-	-	PUNCT
easat-9654	167	20	size	size	NOUN
easat-9654	167	21	-	-	PUNCT
easat-9654	167	22	fits	fit	VERB
easat-9654	167	23	-	-	PUNCT
easat-9654	167	24	all	all	DET
easat-9654	167	25	regulatory	regulatory	ADJ
easat-9654	167	26	approach	approach	NOUN
easat-9654	167	27	but	but	CCONJ
easat-9654	167	28	also	also	ADV
easat-9654	167	29	prevents	prevent	VERB
easat-9654	167	30	systemic	systemic	ADJ
easat-9654	167	31	vulnerabilities	vulnerability	NOUN
easat-9654	167	32	resulting	result	VERB
easat-9654	167	33	from	from	ADP
easat-9654	167	34	regulatory	regulatory	ADJ
easat-9654	167	35	gaps	gap	NOUN
easat-9654	167	36	.	.	PUNCT
easat-9654	168	1	unlike	unlike	ADP
easat-9654	168	2	singapore	singapore	PROPN
easat-9654	168	3	,	,	PUNCT
easat-9654	168	4	indonesia	indonesia	PROPN
easat-9654	168	5	's	's	PART
easat-9654	168	6	internet	internet	NOUN
easat-9654	168	7	finance	finance	NOUN
easat-9654	168	8	regulatory	regulatory	ADJ
easat-9654	168	9	framework	framework	NOUN
easat-9654	168	10	features	feature	VERB
easat-9654	168	11	a	a	DET
easat-9654	168	12	"	"	PUNCT
easat-9654	168	13	dual	dual	ADJ
easat-9654	168	14	-	-	PUNCT
easat-9654	168	15	track	track	NOUN
easat-9654	168	16	"	"	PUNCT
easat-9654	168	17	institutional	institutional	ADJ
easat-9654	168	18	structure	structure	NOUN
easat-9654	168	19	that	that	PRON
easat-9654	168	20	fundamentally	fundamentally	ADV
easat-9654	168	21	reflects	reflect	VERB
easat-9654	168	22	the	the	DET
easat-9654	168	23	differentiated	differentiated	ADJ
easat-9654	168	24	control	control	NOUN
easat-9654	168	25	of	of	ADP
easat-9654	168	26	"	"	PUNCT
easat-9654	168	27	systemic	systemic	ADJ
easat-9654	168	28	risks	risk	NOUN
easat-9654	168	29	"	"	PUNCT
easat-9654	168	30	and	and	CCONJ
easat-9654	168	31	"	"	PUNCT
easat-9654	168	32	individual	individual	ADJ
easat-9654	168	33	risks	risk	NOUN
easat-9654	168	34	"	"	PUNCT
easat-9654	168	35	within	within	ADP
easat-9654	168	36	fintech	fintech	NOUN
easat-9654	168	37	.	.	PUNCT
easat-9654	169	1	the	the	DET
easat-9654	169	2	bi	bi	NOUN
easat-9654	169	3	mitigates	mitigate	NOUN
easat-9654	169	4	risk	risk	NOUN
easat-9654	169	5	transmission	transmission	NOUN
easat-9654	169	6	through	through	ADP
easat-9654	169	7	"	"	PUNCT
easat-9654	169	8	top	top	ADJ
easat-9654	169	9	-	-	PUNCT
easat-9654	169	10	down	down	ADP
easat-9654	169	11	"	"	PUNCT
easat-9654	169	12	macroprudential	macroprudential	ADJ
easat-9654	169	13	supervision	supervision	NOUN
easat-9654	169	14	,	,	PUNCT
easat-9654	169	15	while	while	SCONJ
easat-9654	169	16	the	the	DET
easat-9654	169	17	ojk	ojk	NOUN
easat-9654	169	18	addresses	address	NOUN
easat-9654	169	19	moral	moral	ADJ
easat-9654	169	20	hazard	hazard	NOUN
easat-9654	169	21	through	through	ADP
easat-9654	169	22	"	"	PUNCT
easat-9654	169	23	bottom	bottom	ADJ
easat-9654	169	24	-	-	PUNCT
easat-9654	169	25	up	up	ADP
easat-9654	169	26	"	"	PUNCT
easat-9654	169	27	microregulation	microregulation	NOUN
easat-9654	169	28	,	,	PUNCT
easat-9654	169	29	thereby	thereby	ADV
easat-9654	169	30	establishing	establish	VERB
easat-9654	169	31	a	a	DET
easat-9654	169	32	complementary	complementary	ADJ
easat-9654	169	33	"	"	PUNCT
easat-9654	169	34	risk	risk	NOUN
easat-9654	169	35	firewall	firewall	NOUN
easat-9654	169	36	"	"	PUNCT
easat-9654	169	37	system	system	NOUN
easat-9654	169	38	.	.	PUNCT
easat-9654	170	1	from	from	ADP
easat-9654	170	2	a	a	DET
easat-9654	170	3	comparative	comparative	ADJ
easat-9654	170	4	institutional	institutional	ADJ
easat-9654	170	5	perspective	perspective	NOUN
easat-9654	170	6	,	,	PUNCT
easat-9654	170	7	singapore	singapore	PROPN
easat-9654	170	8	's	's	PART
easat-9654	170	9	"	"	PUNCT
easat-9654	170	10	unified	unified	ADJ
easat-9654	170	11	regulation	regulation	NOUN
easat-9654	170	12	"	"	PUNCT
easat-9654	170	13	approach	approach	NOUN
easat-9654	170	14	centered	center	VERB
easat-9654	170	15	on	on	ADP
easat-9654	170	16	the	the	DET
easat-9654	170	17	mas	mas	PROPN
easat-9654	170	18	and	and	CCONJ
easat-9654	170	19	indonesia	indonesia	PROPN
easat-9654	170	20	's	's	PART
easat-9654	170	21	"	"	PUNCT
easat-9654	170	22	dual	dual	ADJ
easat-9654	170	23	-	-	PUNCT
easat-9654	170	24	track	track	NOUN
easat-9654	170	25	"	"	PUNCT
easat-9654	170	26	structure	structure	NOUN
easat-9654	170	27	represent	represent	VERB
easat-9654	170	28	two	two	NUM
easat-9654	170	29	distinct	distinct	ADJ
easat-9654	170	30	fintech	fintech	NOUN
easat-9654	170	31	regulatory	regulatory	ADJ
easat-9654	170	32	models	model	NOUN
easat-9654	170	33	.	.	PUNCT
easat-9654	171	1	the	the	DET
easat-9654	171	2	main	main	ADJ
easat-9654	171	3	advantage	advantage	NOUN
easat-9654	171	4	of	of	ADP
easat-9654	171	5	the	the	DET
easat-9654	171	6	singapore	singapore	PROPN
easat-9654	171	7	model	model	NOUN
easat-9654	171	8	lies	lie	VERB
easat-9654	171	9	in	in	ADP
easat-9654	171	10	the	the	DET
easat-9654	171	11	dual	dual	ADJ
easat-9654	171	12	benefits	benefit	NOUN
easat-9654	171	13	of	of	ADP
easat-9654	171	14	regulatory	regulatory	ADJ
easat-9654	171	15	consistency	consistency	NOUN
easat-9654	171	16	and	and	CCONJ
easat-9654	171	17	sandbox	sandbox	NOUN
easat-9654	171	18	efficiency	efficiency	NOUN
easat-9654	171	19	:	:	PUNCT
easat-9654	171	20	through	through	ADP
easat-9654	171	21	the	the	DET
easat-9654	171	22	coordinated	coordinated	ADJ
easat-9654	171	23	supervision	supervision	NOUN
easat-9654	171	24	of	of	ADP
easat-9654	171	25	monetary	monetary	ADJ
easat-9654	171	26	policy	policy	NOUN
easat-9654	171	27	,	,	PUNCT
easat-9654	171	28	institutional	institutional	ADJ
easat-9654	171	29	regulation	regulation	NOUN
easat-9654	171	30	,	,	PUNCT
easat-9654	171	31	and	and	CCONJ
easat-9654	171	32	innovation	innovation	NOUN
easat-9654	171	33	incentives	incentive	NOUN
easat-9654	171	34	by	by	ADP
easat-9654	171	35	the	the	DET
easat-9654	171	36	mas	mas	PROPN
easat-9654	171	37	,	,	PUNCT
easat-9654	171	38	fintech	fintech	NOUN
easat-9654	171	39	companies	company	NOUN
easat-9654	171	40	can	can	AUX
easat-9654	171	41	rapidly	rapidly	ADV
easat-9654	171	42	iterate	iterate	VERB
easat-9654	171	43	"	"	PUNCT
easat-9654	171	44	regulatory	regulatory	ADJ
easat-9654	171	45	innovations	innovation	NOUN
easat-9654	171	46	"	"	PUNCT
easat-9654	171	47	within	within	ADP
easat-9654	171	48	a	a	DET
easat-9654	171	49	standardized	standardized	ADJ
easat-9654	171	50	sandbox	sandbox	NOUN
easat-9654	171	51	framework	framework	NOUN
easat-9654	171	52	.	.	PUNCT
easat-9654	172	1	in	in	ADP
easat-9654	172	2	contrast	contrast	NOUN
easat-9654	172	3	,	,	PUNCT
easat-9654	172	4	the	the	DET
easat-9654	172	5	indonesian	indonesian	ADJ
easat-9654	172	6	model	model	NOUN
easat-9654	172	7	prioritizes	prioritize	VERB
easat-9654	172	8	an	an	DET
easat-9654	172	9	institutional	institutional	ADJ
easat-9654	172	10	framework	framework	NOUN
easat-9654	172	11	that	that	PRON
easat-9654	172	12	isolates	isolate	VERB
easat-9654	172	13	risks	risk	NOUN
easat-9654	172	14	and	and	CCONJ
easat-9654	172	15	clearly	clearly	ADV
easat-9654	172	16	defines	define	VERB
easat-9654	172	17	responsibilities	responsibility	NOUN
easat-9654	172	18	;	;	PUNCT
easat-9654	172	19	the	the	DET
easat-9654	172	20	distinction	distinction	NOUN
easat-9654	172	21	in	in	ADP
easat-9654	172	22	roles	role	NOUN
easat-9654	172	23	between	between	ADP
easat-9654	172	24	bi	bi	NOUN
easat-9654	172	25	and	and	CCONJ
easat-9654	172	26	ojk	ojk	NOUN
easat-9654	172	27	not	not	PART
easat-9654	172	28	only	only	ADV
easat-9654	172	29	reduces	reduce	VERB
easat-9654	172	30	the	the	DET
easat-9654	172	31	excessive	excessive	ADJ
easat-9654	172	32	concentration	concentration	NOUN
easat-9654	172	33	of	of	ADP
easat-9654	172	34	power	power	NOUN
easat-9654	172	35	within	within	ADP
easat-9654	172	36	a	a	DET
easat-9654	172	37	single	single	ADJ
easat-9654	172	38	regulatory	regulatory	ADJ
easat-9654	172	39	entity	entity	NOUN
easat-9654	172	40	but	but	CCONJ
easat-9654	172	41	also	also	ADV
easat-9654	172	42	enhances	enhance	VERB
easat-9654	172	43	the	the	DET
easat-9654	172	44	accuracy	accuracy	NOUN
easat-9654	172	45	of	of	ADP
easat-9654	172	46	risk	risk	NOUN
easat-9654	172	47	management	management	NOUN
easat-9654	172	48	through	through	ADP
easat-9654	172	49	specialized	specialized	ADJ
easat-9654	172	50	division	division	NOUN
easat-9654	172	51	of	of	ADP
easat-9654	172	52	labor	labor	NOUN
easat-9654	172	53	(	(	PUNCT
easat-9654	172	54	for	for	ADP
easat-9654	172	55	example	example	NOUN
easat-9654	172	56	,	,	PUNCT
easat-9654	172	57	bi	bi	NOUN
easat-9654	172	58	leads	lead	VERB
easat-9654	172	59	the	the	DET
easat-9654	172	60	quick	quick	ADJ
easat-9654	172	61	response	response	NOUN
easat-9654	172	62	code	code	NOUN
easat-9654	172	63	interoperability	interoperability	NOUN
easat-9654	172	64	standard	standard	NOUN
easat-9654	172	65	(	(	PUNCT
easat-9654	172	66	qris	qris	NOUN
easat-9654	172	67	)	)	PUNCT
easat-9654	172	68	,	,	PUNCT
easat-9654	172	69	which	which	PRON
easat-9654	172	70	is	be	AUX
easat-9654	172	71	different	different	ADJ
easat-9654	172	72	from	from	ADP
easat-9654	172	73	the	the	DET
easat-9654	172	74	p2p	p2p	NOUN
easat-9654	172	75	lending	lending	NOUN
easat-9654	172	76	sector	sector	NOUN
easat-9654	172	77	supervised	supervise	VERB
easat-9654	172	78	by	by	ADP
easat-9654	172	79	ojk	ojk	NOUN
easat-9654	172	80	)	)	PUNCT
easat-9654	172	81	.	.	PUNCT
easat-9654	173	1	2.3.3	2.3.3	NUM
easat-9654	173	2	.	.	X
easat-9654	173	3	comparison	comparison	NOUN
easat-9654	173	4	with	with	ADP
easat-9654	173	5	malaysia	malaysia	PROPN
easat-9654	173	6	the	the	DET
easat-9654	173	7	main	main	ADJ
easat-9654	173	8	differences	difference	NOUN
easat-9654	173	9	in	in	ADP
easat-9654	173	10	internet	internet	NOUN
easat-9654	173	11	finance	finance	NOUN
easat-9654	173	12	regulation	regulation	NOUN
easat-9654	173	13	between	between	ADP
easat-9654	173	14	malaysia	malaysia	PROPN
easat-9654	173	15	and	and	CCONJ
easat-9654	173	16	indonesia	indonesia	PROPN
easat-9654	173	17	stem	stem	VERB
easat-9654	173	18	from	from	ADP
easat-9654	173	19	the	the	DET
easat-9654	173	20	inherent	inherent	ADJ
easat-9654	173	21	disparities	disparity	NOUN
easat-9654	173	22	in	in	ADP
easat-9654	173	23	their	their	PRON
easat-9654	173	24	functional	functional	ADJ
easat-9654	173	25	positioning	positioning	NOUN
easat-9654	173	26	and	and	CCONJ
easat-9654	173	27	the	the	DET
easat-9654	173	28	principles	principle	NOUN
easat-9654	173	29	of	of	ADP
easat-9654	173	30	regulatory	regulatory	ADJ
easat-9654	173	31	sandboxes	sandbox	NOUN
easat-9654	173	32	.	.	PUNCT
easat-9654	174	1	malaysia	malaysia	PROPN
easat-9654	174	2	has	have	VERB
easat-9654	174	3	an	an	DET
easat-9654	174	4	open	open	ADJ
easat-9654	174	5	and	and	CCONJ
easat-9654	174	6	adaptable	adaptable	ADJ
easat-9654	174	7	regulatory	regulatory	ADJ
easat-9654	174	8	sandbox	sandbox	NOUN
easat-9654	174	9	framework	framework	NOUN
easat-9654	174	10	.	.	PUNCT
easat-9654	175	1	the	the	DET
easat-9654	175	2	fundamental	fundamental	ADJ
easat-9654	175	3	idea	idea	NOUN
easat-9654	175	4	of	of	ADP
easat-9654	175	5	this	this	DET
easat-9654	175	6	mechanism	mechanism	NOUN
easat-9654	175	7	is	be	AUX
easat-9654	175	8	to	to	PART
easat-9654	175	9	establish	establish	VERB
easat-9654	175	10	an	an	DET
easat-9654	175	11	"	"	PUNCT
easat-9654	175	12	innovation	innovation	NOUN
easat-9654	175	13	incubator	incubator	NOUN
easat-9654	175	14	"	"	PUNCT
easat-9654	175	15	to	to	PART
easat-9654	175	16	create	create	VERB
easat-9654	175	17	the	the	DET
easat-9654	175	18	best	good	ADJ
easat-9654	175	19	environment	environment	NOUN
easat-9654	175	20	for	for	ADP
easat-9654	175	21	financial	financial	ADJ
easat-9654	175	22	innovation	innovation	NOUN
easat-9654	175	23	.	.	PUNCT
easat-9654	176	1	the	the	DET
easat-9654	176	2	central	central	ADJ
easat-9654	176	3	bank	bank	PROPN
easat-9654	176	4	of	of	ADP
easat-9654	176	5	malaysia	malaysia	PROPN
easat-9654	176	6	(	(	PUNCT
easat-9654	176	7	bank	bank	PROPN
easat-9654	176	8	negara	negara	PROPN
easat-9654	176	9	malaysia	malaysia	PROPN
easat-9654	176	10	,	,	PUNCT
easat-9654	176	11	bnm	bnm	PROPN
easat-9654	176	12	)	)	PUNCT
easat-9654	176	13	and	and	CCONJ
easat-9654	176	14	the	the	DET
easat-9654	176	15	securities	security	NOUN
easat-9654	176	16	commission	commission	PROPN
easat-9654	176	17	have	have	AUX
easat-9654	176	18	jointly	jointly	ADV
easat-9654	176	19	formulated	formulate	VERB
easat-9654	176	20	a	a	DET
easat-9654	176	21	two	two	NUM
easat-9654	176	22	-	-	PUNCT
easat-9654	176	23	tier	tier	NOUN
easat-9654	176	24	regulatory	regulatory	ADJ
easat-9654	176	25	system	system	NOUN
easat-9654	176	26	[	[	X
easat-9654	176	27	40	40	NUM
easat-9654	176	28	]	]	PUNCT
easat-9654	176	29	.	.	PUNCT
easat-9654	177	1	this	this	DET
easat-9654	177	2	framework	framework	NOUN
easat-9654	177	3	features	feature	VERB
easat-9654	177	4	flexible	flexible	ADJ
easat-9654	177	5	testing	testing	NOUN
easat-9654	177	6	cycles	cycle	NOUN
easat-9654	177	7	,	,	PUNCT
easat-9654	177	8	enabling	enable	VERB
easat-9654	177	9	enterprises	enterprise	NOUN
easat-9654	177	10	to	to	PART
easat-9654	177	11	adjust	adjust	VERB
easat-9654	177	12	the	the	DET
easat-9654	177	13	testing	testing	NOUN
easat-9654	177	14	periods	period	NOUN
easat-9654	177	15	according	accord	VERB
easat-9654	177	16	to	to	ADP
easat-9654	177	17	their	their	PRON
easat-9654	177	18	own	own	ADJ
easat-9654	177	19	innovation	innovation	NOUN
easat-9654	177	20	progress	progress	NOUN
easat-9654	177	21	.	.	PUNCT
easat-9654	178	1	the	the	DET
easat-9654	178	2	implementation	implementation	NOUN
easat-9654	178	3	of	of	ADP
easat-9654	178	4	the	the	DET
easat-9654	178	5	joint	joint	ADJ
easat-9654	178	6	application	application	NOUN
easat-9654	178	7	model	model	NOUN
easat-9654	178	8	effectively	effectively	ADV
easat-9654	178	9	lowers	lower	VERB
easat-9654	178	10	the	the	DET
easat-9654	178	11	entry	entry	NOUN
easat-9654	178	12	barriers	barrier	NOUN
easat-9654	178	13	for	for	ADP
easat-9654	178	14	innovation	innovation	NOUN
easat-9654	178	15	entities	entity	NOUN
easat-9654	178	16	,	,	PUNCT
easat-9654	178	17	thereby	thereby	ADV
easat-9654	178	18	stimulating	stimulate	VERB
easat-9654	178	19	market	market	NOUN
easat-9654	178	20	innovation	innovation	NOUN
easat-9654	178	21	.	.	PUNCT
easat-9654	179	1	meanwhile	meanwhile	ADV
easat-9654	179	2	,	,	PUNCT
easat-9654	179	3	the	the	DET
easat-9654	179	4	establishment	establishment	NOUN
easat-9654	179	5	of	of	ADP
easat-9654	179	6	the	the	DET
easat-9654	179	7	"	"	PUNCT
easat-9654	179	8	green	green	ADJ
easat-9654	179	9	channel	channel	NOUN
easat-9654	179	10	"	"	PUNCT
easat-9654	179	11	expedites	expedite	VERB
easat-9654	179	12	the	the	DET
easat-9654	179	13	commercialization	commercialization	NOUN
easat-9654	179	14	of	of	ADP
easat-9654	179	15	mature	mature	ADJ
easat-9654	179	16	products	product	NOUN
easat-9654	179	17	and	and	CCONJ
easat-9654	179	18	promotes	promote	VERB
easat-9654	179	19	the	the	DET
easat-9654	179	20	transformation	transformation	NOUN
easat-9654	179	21	of	of	ADP
easat-9654	179	22	innovation	innovation	NOUN
easat-9654	179	23	achievements	achievement	NOUN
easat-9654	179	24	into	into	ADP
easat-9654	179	25	practical	practical	ADJ
easat-9654	179	26	applications	application	NOUN
easat-9654	179	27	.	.	PUNCT
easat-9654	180	1	notably	notably	ADV
easat-9654	180	2	,	,	PUNCT
easat-9654	180	3	malaysia	malaysia	PROPN
easat-9654	180	4	's	's	PART
easat-9654	180	5	regulatory	regulatory	ADJ
easat-9654	180	6	sandbox	sandbox	NOUN
easat-9654	180	7	maintains	maintain	VERB
easat-9654	180	8	a	a	DET
easat-9654	180	9	complex	complex	ADJ
easat-9654	180	10	nexus	nexus	NOUN
easat-9654	180	11	with	with	ADP
easat-9654	180	12	its	its	PRON
easat-9654	180	13	comprehensive	comprehensive	ADJ
easat-9654	180	14	financial	financial	ADJ
easat-9654	180	15	inclusion	inclusion	NOUN
easat-9654	180	16	framework	framework	NOUN
easat-9654	180	17	.	.	PUNCT
easat-9654	181	1	the	the	DET
easat-9654	181	2	financial	financial	ADJ
easat-9654	181	3	inclusion	inclusion	NOUN
easat-9654	181	4	framework	framework	NOUN
easat-9654	181	5	issued	issue	VERB
easat-9654	181	6	by	by	ADP
easat-9654	181	7	bnm	bnm	PROPN
easat-9654	181	8	explicitly	explicitly	ADV
easat-9654	181	9	mandates	mandate	VERB
easat-9654	181	10	prioritizing	prioritize	VERB
easat-9654	181	11	accessibility	accessibility	NOUN
easat-9654	181	12	,	,	PUNCT
easat-9654	181	13	affordability	affordability	NOUN
easat-9654	181	14	,	,	PUNCT
easat-9654	181	15	and	and	CCONJ
easat-9654	181	16	customization	customization	NOUN
easat-9654	181	17	of	of	ADP
easat-9654	181	18	financial	financial	ADJ
easat-9654	181	19	products	product	NOUN
easat-9654	181	20	and	and	CCONJ
easat-9654	181	21	services	service	NOUN
easat-9654	181	22	to	to	PART
easat-9654	181	23	address	address	VERB
easat-9654	181	24	the	the	DET
easat-9654	181	25	specific	specific	ADJ
easat-9654	181	26	needs	need	NOUN
easat-9654	181	27	of	of	ADP
easat-9654	181	28	diverse	diverse	ADJ
easat-9654	181	29	demographics	demographic	NOUN
easat-9654	181	30	,	,	PUNCT
easat-9654	181	31	including	include	VERB
easat-9654	181	32	smes	sme	NOUN
easat-9654	181	33	,	,	PUNCT
easat-9654	181	34	low	low	ADJ
easat-9654	181	35	-	-	PUNCT
easat-9654	181	36	income	income	NOUN
easat-9654	181	37	populations	population	NOUN
easat-9654	181	38	,	,	PUNCT
easat-9654	181	39	and	and	CCONJ
easat-9654	181	40	residents	resident	NOUN
easat-9654	181	41	of	of	ADP
easat-9654	181	42	remote	remote	ADJ
easat-9654	181	43	regions	region	NOUN
easat-9654	181	44	.	.	PUNCT
easat-9654	182	1	it	it	PRON
easat-9654	182	2	requires	require	VERB
easat-9654	182	3	financial	financial	ADJ
easat-9654	182	4	service	service	NOUN
easat-9654	182	5	providers	provider	NOUN
easat-9654	182	6	to	to	PART
easat-9654	182	7	deliver	deliver	VERB
easat-9654	182	8	more	more	ADJ
easat-9654	182	9	inclusive	inclusive	ADJ
easat-9654	182	10	solutions	solution	NOUN
easat-9654	182	11	that	that	PRON
easat-9654	182	12	lower	low	ADJ
easat-9654	182	13	entry	entry	NOUN
easat-9654	182	14	barriers	barrier	NOUN
easat-9654	182	15	and	and	CCONJ
easat-9654	182	16	enhance	enhance	VERB
easat-9654	182	17	penetration	penetration	NOUN
easat-9654	182	18	rates	rate	NOUN
easat-9654	182	19	while	while	SCONJ
easat-9654	182	20	aligning	align	VERB
easat-9654	182	21	with	with	ADP
easat-9654	182	22	contextualized	contextualized	ADJ
easat-9654	182	23	requirements	requirement	NOUN
easat-9654	182	24	across	across	ADP
easat-9654	182	25	different	different	ADJ
easat-9654	182	26	demographic	demographic	ADJ
easat-9654	182	27	segments	segment	NOUN
easat-9654	182	28	[	[	X
easat-9654	182	29	41	41	NUM
easat-9654	182	30	]	]	PUNCT
easat-9654	182	31	.	.	PUNCT
easat-9654	183	1	additionally	additionally	ADV
easat-9654	183	2	,	,	PUNCT
easat-9654	183	3	the	the	DET
easat-9654	183	4	financial	financial	ADJ
easat-9654	183	5	inclusion	inclusion	NOUN
easat-9654	183	6	framework	framework	NOUN
easat-9654	183	7	underscores	underscore	VERB
easat-9654	183	8	the	the	DET
easat-9654	183	9	critical	critical	ADJ
easat-9654	183	10	importance	importance	NOUN
easat-9654	183	11	of	of	ADP
easat-9654	183	12	universal	universal	ADJ
easat-9654	183	13	access	access	NOUN
easat-9654	183	14	to	to	ADP
easat-9654	183	15	financial	financial	ADJ
easat-9654	183	16	services	service	NOUN
easat-9654	183	17	for	for	ADP
easat-9654	183	18	the	the	DET
easat-9654	183	19	general	general	ADJ
easat-9654	183	20	populace	populace	NOUN
easat-9654	183	21	,	,	PUNCT
easat-9654	183	22	necessitating	necessitate	VERB
easat-9654	183	23	the	the	DET
easat-9654	183	24	assurance	assurance	NOUN
easat-9654	183	25	of	of	ADP
easat-9654	183	26	secure	secure	ADJ
easat-9654	183	27	and	and	CCONJ
easat-9654	183	28	prudent	prudent	ADJ
easat-9654	183	29	utilization	utilization	NOUN
easat-9654	183	30	of	of	ADP
easat-9654	183	31	such	such	ADJ
easat-9654	183	32	services	service	NOUN
easat-9654	183	33	.	.	PUNCT
easat-9654	184	1	this	this	PRON
easat-9654	184	2	entails	entail	VERB
easat-9654	184	3	1565	1565	NUM
easat-9654	184	4	edelweiss	edelweiss	PROPN
easat-9654	184	5	applied	apply	VERB
easat-9654	184	6	science	science	NOUN
easat-9654	184	7	and	and	CCONJ
easat-9654	184	8	technology	technology	NOUN
easat-9654	184	9	issn	issn	PROPN
easat-9654	184	10	:	:	PUNCT
easat-9654	184	11	2576	2576	NUM
easat-9654	184	12	-	-	SYM
easat-9654	184	13	8484	8484	NUM
easat-9654	184	14	vol	vol	NOUN
easat-9654	184	15	.	.	PROPN
easat-9654	185	1	9	9	NUM
easat-9654	185	2	,	,	PUNCT
easat-9654	185	3	no	no	INTJ
easat-9654	185	4	.	.	NOUN
easat-9654	185	5	8	8	NUM
easat-9654	185	6	:	:	SYM
easat-9654	185	7	1558	1558	NUM
easat-9654	185	8	-	-	SYM
easat-9654	185	9	1579	1579	NUM
easat-9654	185	10	,	,	PUNCT
easat-9654	185	11	2025	2025	NUM
easat-9654	185	12	doi	doi	NOUN
easat-9654	185	13	:	:	PUNCT
easat-9654	185	14	10.55214/2576	10.55214/2576	NUM
easat-9654	185	15	-	-	PUNCT
easat-9654	185	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	185	17	©	©	PROPN
easat-9654	185	18	2025	2025	NUM
easat-9654	185	19	by	by	ADP
easat-9654	185	20	the	the	DET
easat-9654	185	21	authors	author	NOUN
easat-9654	185	22	;	;	PUNCT
easat-9654	185	23	licensee	licensee	PROPN
easat-9654	185	24	learning	learn	VERB
easat-9654	185	25	gate	gate	NOUN
easat-9654	185	26	preventing	prevent	VERB
easat-9654	185	27	over	over	ADP
easat-9654	185	28	-	-	PUNCT
easat-9654	185	29	indebtedness	indebtedness	NOUN
easat-9654	185	30	,	,	PUNCT
easat-9654	185	31	fraud	fraud	NOUN
easat-9654	185	32	,	,	PUNCT
easat-9654	185	33	and	and	CCONJ
easat-9654	185	34	inadequate	inadequate	ADJ
easat-9654	185	35	financial	financial	ADJ
easat-9654	185	36	management	management	NOUN
easat-9654	185	37	while	while	SCONJ
easat-9654	185	38	fostering	foster	VERB
easat-9654	185	39	prudent	prudent	ADJ
easat-9654	185	40	decision	decision	NOUN
easat-9654	185	41	-	-	PUNCT
easat-9654	185	42	making	making	NOUN
easat-9654	185	43	among	among	ADP
easat-9654	185	44	financial	financial	ADJ
easat-9654	185	45	consumers	consumer	NOUN
easat-9654	185	46	.	.	PUNCT
easat-9654	186	1	from	from	ADP
easat-9654	186	2	this	this	DET
easat-9654	186	3	perspective	perspective	NOUN
easat-9654	186	4	,	,	PUNCT
easat-9654	186	5	malaysia	malaysia	PROPN
easat-9654	186	6	has	have	AUX
easat-9654	186	7	implemented	implement	VERB
easat-9654	186	8	a	a	DET
easat-9654	186	9	multilevel	multilevel	ADJ
easat-9654	186	10	regulatory	regulatory	ADJ
easat-9654	186	11	framework	framework	NOUN
easat-9654	186	12	to	to	PART
easat-9654	186	13	enhance	enhance	VERB
easat-9654	186	14	market	market	NOUN
easat-9654	186	15	transparency	transparency	NOUN
easat-9654	186	16	.	.	PUNCT
easat-9654	187	1	on	on	ADP
easat-9654	187	2	the	the	DET
easat-9654	187	3	one	one	NUM
easat-9654	187	4	hand	hand	NOUN
easat-9654	187	5	,	,	PUNCT
easat-9654	187	6	pre	pre	ADJ
easat-9654	187	7	-	-	ADJ
easat-9654	187	8	emptive	emptive	ADJ
easat-9654	187	9	legal	legal	ADJ
easat-9654	187	10	regulation	regulation	NOUN
easat-9654	187	11	compels	compel	VERB
easat-9654	187	12	financial	financial	ADJ
easat-9654	187	13	companies	company	NOUN
easat-9654	187	14	to	to	PART
easat-9654	187	15	report	report	VERB
easat-9654	187	16	risks	risk	NOUN
easat-9654	187	17	and	and	CCONJ
easat-9654	187	18	use	use	VERB
easat-9654	187	19	data	datum	NOUN
easat-9654	187	20	encryption	encryption	NOUN
easat-9654	187	21	technology	technology	NOUN
easat-9654	187	22	to	to	PART
easat-9654	187	23	reduce	reduce	VERB
easat-9654	187	24	risks	risk	NOUN
easat-9654	187	25	from	from	ADP
easat-9654	187	26	the	the	DET
easat-9654	187	27	source	source	NOUN
easat-9654	187	28	.	.	PUNCT
easat-9654	188	1	in	in	ADP
easat-9654	188	2	turn	turn	NOUN
easat-9654	188	3	,	,	PUNCT
easat-9654	188	4	it	it	PRON
easat-9654	188	5	strengthens	strengthen	VERB
easat-9654	188	6	regulatory	regulatory	ADJ
easat-9654	188	7	cooperation	cooperation	NOUN
easat-9654	188	8	.	.	PUNCT
easat-9654	189	1	bank	bank	PROPN
easat-9654	189	2	negara	negara	PROPN
easat-9654	189	3	malaysia	malaysia	PROPN
easat-9654	189	4	and	and	CCONJ
easat-9654	189	5	the	the	DET
easat-9654	189	6	sc	sc	PROPN
easat-9654	189	7	maintain	maintain	VERB
easat-9654	189	8	distinct	distinct	ADJ
easat-9654	189	9	roles	role	NOUN
easat-9654	189	10	,	,	PUNCT
easat-9654	189	11	promoting	promote	VERB
easat-9654	189	12	real	real	ADJ
easat-9654	189	13	-	-	PUNCT
easat-9654	189	14	time	time	NOUN
easat-9654	189	15	data	datum	NOUN
easat-9654	189	16	exchange	exchange	NOUN
easat-9654	189	17	for	for	ADP
easat-9654	189	18	anti	anti	ADJ
easat-9654	189	19	-	-	ADJ
easat-9654	189	20	money	money	ADJ
easat-9654	189	21	laundering	laundering	NOUN
easat-9654	189	22	and	and	CCONJ
easat-9654	189	23	establishing	establish	VERB
easat-9654	189	24	an	an	DET
easat-9654	189	25	integrated	integrated	ADJ
easat-9654	189	26	regulatory	regulatory	ADJ
easat-9654	189	27	framework	framework	NOUN
easat-9654	189	28	of	of	ADP
easat-9654	189	29	"	"	PUNCT
easat-9654	189	30	inclusiveness	inclusiveness	ADJ
easat-9654	189	31	+	+	CCONJ
easat-9654	189	32	transparency	transparency	NOUN
easat-9654	189	33	"	"	PUNCT
easat-9654	189	34	to	to	PART
easat-9654	189	35	support	support	VERB
easat-9654	189	36	the	the	DET
easat-9654	189	37	stable	stable	ADJ
easat-9654	189	38	and	and	CCONJ
easat-9654	189	39	robust	robust	ADJ
easat-9654	189	40	growth	growth	NOUN
easat-9654	189	41	of	of	ADP
easat-9654	189	42	the	the	DET
easat-9654	189	43	financial	financial	ADJ
easat-9654	189	44	industry	industry	NOUN
easat-9654	189	45	.	.	PUNCT
easat-9654	190	1	on	on	ADP
easat-9654	190	2	the	the	DET
easat-9654	190	3	contrary	contrary	NOUN
easat-9654	190	4	,	,	PUNCT
easat-9654	190	5	indonesia	indonesia	PROPN
easat-9654	190	6	views	view	VERB
easat-9654	190	7	the	the	DET
easat-9654	190	8	regulatory	regulatory	ADJ
easat-9654	190	9	sandbox	sandbox	NOUN
easat-9654	190	10	more	more	ADJ
easat-9654	190	11	as	as	ADP
easat-9654	190	12	a	a	DET
easat-9654	190	13	"	"	PUNCT
easat-9654	190	14	regulatory	regulatory	ADJ
easat-9654	190	15	testing	testing	NOUN
easat-9654	190	16	ground	ground	NOUN
easat-9654	190	17	"	"	PUNCT
easat-9654	190	18	,	,	PUNCT
easat-9654	190	19	with	with	ADP
easat-9654	190	20	the	the	DET
easat-9654	190	21	main	main	ADJ
easat-9654	190	22	purpose	purpose	NOUN
easat-9654	190	23	of	of	ADP
easat-9654	190	24	rapidly	rapidly	ADV
easat-9654	190	25	transitioning	transition	VERB
easat-9654	190	26	the	the	DET
easat-9654	190	27	internet	internet	NOUN
easat-9654	190	28	finance	finance	NOUN
easat-9654	190	29	industry	industry	NOUN
easat-9654	190	30	from	from	ADP
easat-9654	190	31	chaos	chaos	NOUN
easat-9654	190	32	to	to	ADP
easat-9654	190	33	a	a	DET
easat-9654	190	34	structured	structured	ADJ
easat-9654	190	35	state	state	NOUN
easat-9654	190	36	.	.	PUNCT
easat-9654	191	1	critically	critically	ADV
easat-9654	191	2	speaking	speak	VERB
easat-9654	191	3	,	,	PUNCT
easat-9654	191	4	the	the	DET
easat-9654	191	5	current	current	ADJ
easat-9654	191	6	sandbox	sandbox	NOUN
easat-9654	191	7	process	process	NOUN
easat-9654	191	8	design	design	NOUN
easat-9654	191	9	in	in	ADP
easat-9654	191	10	indonesia	indonesia	PROPN
easat-9654	191	11	lacks	lack	VERB
easat-9654	191	12	flexibility	flexibility	NOUN
easat-9654	191	13	.	.	PUNCT
easat-9654	192	1	the	the	DET
easat-9654	192	2	testing	testing	NOUN
easat-9654	192	3	period	period	NOUN
easat-9654	192	4	is	be	AUX
easat-9654	192	5	strictly	strictly	ADV
easat-9654	192	6	limited	limit	VERB
easat-9654	192	7	to	to	ADP
easat-9654	192	8	one	one	NUM
easat-9654	192	9	year	year	NOUN
easat-9654	192	10	,	,	PUNCT
easat-9654	192	11	and	and	CCONJ
easat-9654	192	12	the	the	DET
easat-9654	192	13	"	"	PUNCT
easat-9654	192	14	cluster	cluster	NOUN
easat-9654	192	15	prototype	prototype	NOUN
easat-9654	192	16	testing	testing	NOUN
easat-9654	192	17	"	"	PUNCT
easat-9654	192	18	method	method	NOUN
easat-9654	192	19	is	be	AUX
easat-9654	192	20	used	use	VERB
easat-9654	192	21	to	to	PART
easat-9654	192	22	optimize	optimize	VERB
easat-9654	192	23	testing	testing	NOUN
easat-9654	192	24	efficiency	efficiency	NOUN
easat-9654	193	1	[	[	X
easat-9654	193	2	42	42	NUM
easat-9654	193	3	]	]	PUNCT
easat-9654	193	4	.	.	PUNCT
easat-9654	194	1	the	the	DET
easat-9654	194	2	test	test	NOUN
easat-9654	194	3	results	result	NOUN
easat-9654	194	4	are	be	AUX
easat-9654	194	5	closely	closely	ADV
easat-9654	194	6	related	relate	VERB
easat-9654	194	7	to	to	ADP
easat-9654	194	8	the	the	DET
easat-9654	194	9	license	license	NOUN
easat-9654	194	10	permission	permission	NOUN
easat-9654	194	11	,	,	PUNCT
easat-9654	194	12	as	as	SCONJ
easat-9654	194	13	the	the	DET
easat-9654	194	14	outcome	outcome	NOUN
easat-9654	194	15	of	of	ADP
easat-9654	194	16	the	the	DET
easat-9654	194	17	third	third	ADJ
easat-9654	194	18	-	-	PUNCT
easat-9654	194	19	level	level	NOUN
easat-9654	194	20	test	test	NOUN
easat-9654	194	21	determines	determine	VERB
easat-9654	194	22	the	the	DET
easat-9654	194	23	company	company	NOUN
easat-9654	194	24	's	's	PART
easat-9654	194	25	viability	viability	NOUN
easat-9654	195	1	[	[	X
easat-9654	195	2	42	42	NUM
easat-9654	195	3	]	]	PUNCT
easat-9654	195	4	.	.	PUNCT
easat-9654	196	1	this	this	DET
easat-9654	196	2	approach	approach	NOUN
easat-9654	196	3	highlights	highlight	VERB
easat-9654	196	4	the	the	DET
easat-9654	196	5	urgency	urgency	NOUN
easat-9654	196	6	of	of	ADP
easat-9654	196	7	risk	risk	NOUN
easat-9654	196	8	management	management	NOUN
easat-9654	196	9	in	in	ADP
easat-9654	196	10	indonesia	indonesia	PROPN
easat-9654	196	11	.	.	PUNCT
easat-9654	197	1	the	the	DET
easat-9654	197	2	turbulence	turbulence	NOUN
easat-9654	197	3	in	in	ADP
easat-9654	197	4	the	the	DET
easat-9654	197	5	nascent	nascent	ADJ
easat-9654	197	6	p2p	p2p	NOUN
easat-9654	197	7	market	market	NOUN
easat-9654	197	8	has	have	AUX
easat-9654	197	9	compelled	compel	VERB
easat-9654	197	10	regulatory	regulatory	ADJ
easat-9654	197	11	authorities	authority	NOUN
easat-9654	197	12	to	to	PART
easat-9654	197	13	expedite	expedite	VERB
easat-9654	197	14	the	the	DET
easat-9654	197	15	legislative	legislative	ADJ
easat-9654	197	16	process	process	NOUN
easat-9654	197	17	.	.	PUNCT
easat-9654	198	1	the	the	DET
easat-9654	198	2	2024	2024	NUM
easat-9654	198	3	law	law	NOUN
easat-9654	198	4	abolished	abolish	VERB
easat-9654	198	5	the	the	DET
easat-9654	198	6	registration	registration	NOUN
easat-9654	198	7	system	system	NOUN
easat-9654	198	8	and	and	CCONJ
easat-9654	198	9	requires	require	VERB
easat-9654	198	10	companies	company	NOUN
easat-9654	198	11	to	to	PART
easat-9654	198	12	successfully	successfully	ADV
easat-9654	198	13	complete	complete	VERB
easat-9654	198	14	sandbox	sandbox	NOUN
easat-9654	198	15	testing	testing	NOUN
easat-9654	198	16	before	before	ADP
easat-9654	198	17	transitioning	transition	VERB
easat-9654	198	18	to	to	ADP
easat-9654	198	19	fully	fully	ADV
easat-9654	198	20	licensed	licensed	ADJ
easat-9654	198	21	operations	operation	NOUN
easat-9654	198	22	,	,	PUNCT
easat-9654	198	23	aiming	aim	VERB
easat-9654	198	24	to	to	PART
easat-9654	198	25	enhance	enhance	VERB
easat-9654	198	26	regulation	regulation	NOUN
easat-9654	198	27	of	of	ADP
easat-9654	198	28	the	the	DET
easat-9654	198	29	internet	internet	NOUN
easat-9654	198	30	finance	finance	NOUN
easat-9654	198	31	sector	sector	NOUN
easat-9654	198	32	.	.	PUNCT
easat-9654	199	1	although	although	SCONJ
easat-9654	199	2	indonesia	indonesia	PROPN
easat-9654	199	3	emphasizes	emphasize	VERB
easat-9654	199	4	"	"	PUNCT
easat-9654	199	5	supporting	support	VERB
easat-9654	199	6	inclusiveness	inclusiveness	NOUN
easat-9654	199	7	"	"	PUNCT
easat-9654	199	8	in	in	ADP
easat-9654	199	9	its	its	PRON
easat-9654	199	10	sandbox	sandbox	NOUN
easat-9654	199	11	entry	entry	NOUN
easat-9654	199	12	criteria	criterion	NOUN
easat-9654	199	13	,	,	PUNCT
easat-9654	199	14	there	there	PRON
easat-9654	199	15	are	be	VERB
easat-9654	199	16	no	no	DET
easat-9654	199	17	clear	clear	ADJ
easat-9654	199	18	service	service	NOUN
easat-9654	199	19	scope	scope	NOUN
easat-9654	199	20	measurement	measurement	NOUN
easat-9654	199	21	standards	standard	NOUN
easat-9654	199	22	in	in	ADP
easat-9654	199	23	practice	practice	NOUN
easat-9654	199	24	.	.	PUNCT
easat-9654	200	1	in	in	ADP
easat-9654	200	2	terms	term	NOUN
easat-9654	200	3	of	of	ADP
easat-9654	200	4	establishing	establish	VERB
easat-9654	200	5	transparent	transparent	ADJ
easat-9654	200	6	procedures	procedure	NOUN
easat-9654	200	7	,	,	PUNCT
easat-9654	200	8	indonesia	indonesia	PROPN
easat-9654	200	9	mainly	mainly	ADV
easat-9654	200	10	relies	rely	VERB
easat-9654	200	11	on	on	ADP
easat-9654	200	12	postevent	postevent	ADJ
easat-9654	200	13	accountability	accountability	NOUN
easat-9654	200	14	measures	measure	NOUN
easat-9654	200	15	,	,	PUNCT
easat-9654	200	16	leveraging	leverage	VERB
easat-9654	200	17	self	self	NOUN
easat-9654	200	18	-	-	PUNCT
easat-9654	200	19	regulation	regulation	NOUN
easat-9654	200	20	by	by	ADP
easat-9654	200	21	industry	industry	NOUN
easat-9654	200	22	groups	group	NOUN
easat-9654	200	23	and	and	CCONJ
easat-9654	200	24	the	the	DET
easat-9654	200	25	ojk	ojk	NOUN
easat-9654	200	26	to	to	PART
easat-9654	200	27	address	address	VERB
easat-9654	200	28	the	the	DET
easat-9654	200	29	increasing	increase	VERB
easat-9654	200	30	number	number	NOUN
easat-9654	200	31	of	of	ADP
easat-9654	200	32	complaints	complaint	NOUN
easat-9654	200	33	.	.	PUNCT
easat-9654	201	1	this	this	DET
easat-9654	201	2	approach	approach	NOUN
easat-9654	201	3	results	result	VERB
easat-9654	201	4	in	in	ADP
easat-9654	201	5	an	an	DET
easat-9654	201	6	imperfect	imperfect	ADJ
easat-9654	201	7	real	real	ADJ
easat-9654	201	8	-	-	PUNCT
easat-9654	201	9	time	time	NOUN
easat-9654	201	10	data	datum	NOUN
easat-9654	201	11	exchange	exchange	NOUN
easat-9654	201	12	system	system	NOUN
easat-9654	201	13	,	,	PUNCT
easat-9654	201	14	affecting	affect	VERB
easat-9654	201	15	the	the	DET
easat-9654	201	16	timeliness	timeliness	NOUN
easat-9654	201	17	and	and	CCONJ
easat-9654	201	18	effectiveness	effectiveness	NOUN
easat-9654	201	19	of	of	ADP
easat-9654	201	20	regulation	regulation	NOUN
easat-9654	201	21	.	.	PUNCT
easat-9654	202	1	table	table	NOUN
easat-9654	202	2	2	2	NUM
easat-9654	202	3	.	.	PUNCT
easat-9654	203	1	summary	summary	NOUN
easat-9654	203	2	of	of	ADP
easat-9654	203	3	core	core	NOUN
easat-9654	203	4	differences	difference	NOUN
easat-9654	203	5	between	between	ADP
easat-9654	203	6	malaysia	malaysia	PROPN
easat-9654	203	7	and	and	CCONJ
easat-9654	203	8	indonesia	indonesia	PROPN
easat-9654	203	9	.	.	PUNCT
easat-9654	204	1	dimension	dimension	PROPN
easat-9654	204	2	malaysia	malaysia	PROPN
easat-9654	204	3	indonesia	indonesia	PROPN
easat-9654	204	4	sandbox	sandbox	PROPN
easat-9654	204	5	positioning	positioning	NOUN
easat-9654	204	6	innovation	innovation	NOUN
easat-9654	204	7	incubator	incubator	NOUN
easat-9654	204	8	(	(	PUNCT
easat-9654	204	9	long	long	ADJ
easat-9654	204	10	-	-	PUNCT
easat-9654	204	11	term	term	NOUN
easat-9654	204	12	cultivation	cultivation	NOUN
easat-9654	204	13	of	of	ADP
easat-9654	204	14	ecosystem	ecosystem	NOUN
easat-9654	204	15	)	)	PUNCT
easat-9654	204	16	supervisory	supervisory	ADJ
easat-9654	204	17	test	test	NOUN
easat-9654	204	18	field	field	NOUN
easat-9654	204	19	(	(	PUNCT
easat-9654	204	20	for	for	ADP
easat-9654	204	21	rapid	rapid	ADJ
easat-9654	204	22	verification	verification	NOUN
easat-9654	204	23	of	of	ADP
easat-9654	204	24	compliance	compliance	NOUN
easat-9654	204	25	)	)	PUNCT
easat-9654	204	26	test	test	NOUN
easat-9654	204	27	flexibility	flexibility	NOUN
easat-9654	204	28	extendable	extendable	ADJ
easat-9654	204	29	cycle	cycle	NOUN
easat-9654	204	30	and	and	CCONJ
easat-9654	204	31	dynamic	dynamic	ADJ
easat-9654	204	32	adjustment	adjustment	NOUN
easat-9654	204	33	of	of	ADP
easat-9654	204	34	rules	rule	NOUN
easat-9654	204	35	fixed	fix	VERB
easat-9654	204	36	-	-	PUNCT
easat-9654	204	37	cycle	cycle	NOUN
easat-9654	204	38	,	,	PUNCT
easat-9654	204	39	result	result	NOUN
easat-9654	204	40	-	-	PUNCT
easat-9654	204	41	bound	bind	VERB
easat-9654	204	42	license	license	NOUN
easat-9654	204	43	inclusive	inclusive	ADJ
easat-9654	204	44	implementation	implementation	NOUN
easat-9654	204	45	systemic	systemic	ADJ
easat-9654	204	46	framework	framework	NOUN
easat-9654	204	47	(	(	PUNCT
easat-9654	204	48	services	service	NOUN
easat-9654	204	49	+	+	CCONJ
easat-9654	204	50	capabilities	capability	NOUN
easat-9654	204	51	+	+	CCONJ
easat-9654	204	52	facilities	facility	NOUN
easat-9654	204	53	)	)	PUNCT
easat-9654	204	54	the	the	DET
easat-9654	204	55	entry	entry	NOUN
easat-9654	204	56	threshold	threshold	NOUN
easat-9654	204	57	requirements	requirement	NOUN
easat-9654	204	58	are	be	AUX
easat-9654	204	59	not	not	PART
easat-9654	204	60	clear	clear	ADJ
easat-9654	204	61	,	,	PUNCT
easat-9654	204	62	and	and	CCONJ
easat-9654	204	63	there	there	PRON
easat-9654	204	64	is	be	VERB
easat-9654	204	65	a	a	DET
easat-9654	204	66	lack	lack	NOUN
easat-9654	204	67	of	of	ADP
easat-9654	204	68	service	service	NOUN
easat-9654	204	69	depth	depth	NOUN
easat-9654	204	70	indicators	indicator	NOUN
easat-9654	204	71	.	.	PUNCT
easat-9654	205	1	transparency	transparency	NOUN
easat-9654	205	2	mechanism	mechanism	NOUN
easat-9654	205	3	pre	pre	ADJ
easat-9654	205	4	-	-	NOUN
easat-9654	205	5	event	event	ADJ
easat-9654	205	6	regulations	regulation	NOUN
easat-9654	205	7	(	(	PUNCT
easat-9654	205	8	disclosure	disclosure	NOUN
easat-9654	205	9	standards	standard	NOUN
easat-9654	205	10	+	+	CCONJ
easat-9654	205	11	data	datum	NOUN
easat-9654	205	12	sharing	sharing	NOUN
easat-9654	205	13	)	)	PUNCT
easat-9654	205	14	post	post	ADJ
easat-9654	205	15	-	-	ADJ
easat-9654	205	16	event	event	ADJ
easat-9654	205	17	accountability	accountability	NOUN
easat-9654	205	18	(	(	PUNCT
easat-9654	205	19	complaint	complaint	NOUN
easat-9654	205	20	handling	handling	NOUN
easat-9654	205	21	+	+	CCONJ
easat-9654	205	22	selfdiscipline	selfdiscipline	NOUN
easat-9654	205	23	of	of	ADP
easat-9654	205	24	the	the	DET
easat-9654	205	25	association	association	NOUN
easat-9654	205	26	)	)	PUNCT
easat-9654	205	27	formal	formal	ADJ
easat-9654	205	28	regulatory	regulatory	ADJ
easat-9654	205	29	shift	shift	NOUN
easat-9654	205	30	progressive	progressive	ADJ
easat-9654	205	31	(	(	PUNCT
easat-9654	205	32	sandbox	sandbox	NOUN
easat-9654	205	33	maturity	maturity	NOUN
easat-9654	205	34	→	→	SYM
easat-9654	205	35	green	green	ADJ
easat-9654	205	36	channel	channel	NOUN
easat-9654	205	37	)	)	PUNCT
easat-9654	205	38	mandatory	mandatory	ADJ
easat-9654	205	39	approach	approach	NOUN
easat-9654	205	40	(	(	PUNCT
easat-9654	205	41	sandbox	sandbox	NOUN
easat-9654	205	42	ends	end	VERB
easat-9654	205	43	→	→	PUNCT
easat-9654	205	44	full	full	ADJ
easat-9654	205	45	license	license	NOUN
easat-9654	205	46	or	or	CCONJ
easat-9654	205	47	exit	exit	NOUN
easat-9654	205	48	)	)	PUNCT
easat-9654	205	49	3	3	NUM
easat-9654	205	50	.	.	PUNCT
easat-9654	206	1	the	the	DET
easat-9654	206	2	current	current	ADJ
easat-9654	206	3	situation	situation	NOUN
easat-9654	206	4	and	and	CCONJ
easat-9654	206	5	challenges	challenge	NOUN
easat-9654	206	6	of	of	ADP
easat-9654	206	7	compliance	compliance	NOUN
easat-9654	206	8	operations	operation	NOUN
easat-9654	206	9	of	of	ADP
easat-9654	206	10	chinese	chinese	ADJ
easat-9654	206	11	fintech	fintech	NOUN
easat-9654	206	12	enterprises	enterprise	NOUN
easat-9654	206	13	3.1	3.1	NUM
easat-9654	206	14	.	.	PUNCT
easat-9654	207	1	the	the	DET
easat-9654	207	2	current	current	ADJ
easat-9654	207	3	investment	investment	NOUN
easat-9654	207	4	situation	situation	NOUN
easat-9654	207	5	of	of	ADP
easat-9654	207	6	major	major	ADJ
easat-9654	207	7	chinese	chinese	ADJ
easat-9654	207	8	enterprises	enterprise	NOUN
easat-9654	207	9	in	in	ADP
easat-9654	207	10	indonesia	indonesia	PROPN
easat-9654	207	11	facing	face	VERB
easat-9654	207	12	the	the	DET
easat-9654	207	13	vast	vast	ADJ
easat-9654	207	14	indonesian	indonesian	ADJ
easat-9654	207	15	market	market	NOUN
easat-9654	207	16	,	,	PUNCT
easat-9654	207	17	chinese	chinese	ADJ
easat-9654	207	18	fintech	fintech	NOUN
easat-9654	207	19	companies	company	NOUN
easat-9654	207	20	are	be	AUX
easat-9654	207	21	actively	actively	ADV
easat-9654	207	22	participating	participate	VERB
easat-9654	207	23	in	in	ADP
easat-9654	207	24	the	the	DET
easat-9654	207	25	digital	digital	ADJ
easat-9654	207	26	transformation	transformation	NOUN
easat-9654	207	27	of	of	ADP
easat-9654	207	28	indonesia	indonesia	PROPN
easat-9654	207	29	's	's	PART
easat-9654	207	30	financial	financial	ADJ
easat-9654	207	31	infrastructure	infrastructure	NOUN
easat-9654	207	32	by	by	ADP
easat-9654	207	33	leveraging	leverage	VERB
easat-9654	207	34	capital	capital	NOUN
easat-9654	207	35	empowerment	empowerment	NOUN
easat-9654	207	36	,	,	PUNCT
easat-9654	207	37	technology	technology	NOUN
easat-9654	207	38	export	export	NOUN
easat-9654	207	39	and	and	CCONJ
easat-9654	207	40	the	the	DET
easat-9654	207	41	transfer	transfer	NOUN
easat-9654	207	42	of	of	ADP
easat-9654	207	43	management	management	NOUN
easat-9654	207	44	expertise	expertise	NOUN
easat-9654	207	45	.	.	PUNCT
easat-9654	208	1	chinese	chinese	ADJ
easat-9654	208	2	enterprises	enterprise	NOUN
easat-9654	208	3	,	,	PUNCT
easat-9654	208	4	under	under	ADP
easat-9654	208	5	the	the	DET
easat-9654	208	6	framework	framework	NOUN
easat-9654	208	7	of	of	ADP
easat-9654	208	8	the	the	DET
easat-9654	208	9	"	"	PUNCT
easat-9654	208	10	digital	digital	ADJ
easat-9654	208	11	outbound	outbound	NOUN
easat-9654	208	12	"	"	PUNCT
easat-9654	208	13	strategy	strategy	NOUN
easat-9654	208	14	,	,	PUNCT
easat-9654	208	15	have	have	AUX
easat-9654	208	16	gained	gain	VERB
easat-9654	208	17	market	market	NOUN
easat-9654	208	18	shares	share	NOUN
easat-9654	208	19	in	in	ADP
easat-9654	208	20	indonesia	indonesia	PROPN
easat-9654	208	21	through	through	ADP
easat-9654	208	22	various	various	ADJ
easat-9654	208	23	channels	channel	NOUN
easat-9654	208	24	,	,	PUNCT
easat-9654	208	25	with	with	ADP
easat-9654	208	26	many	many	ADJ
easat-9654	208	27	well	well	ADV
easat-9654	208	28	-	-	PUNCT
easat-9654	208	29	known	know	VERB
easat-9654	208	30	companies	company	NOUN
easat-9654	208	31	leading	lead	VERB
easat-9654	208	32	the	the	DET
easat-9654	208	33	way	way	NOUN
easat-9654	208	34	[	[	X
easat-9654	208	35	43	43	NUM
easat-9654	208	36	]	]	PUNCT
easat-9654	208	37	.	.	PUNCT
easat-9654	209	1	for	for	ADP
easat-9654	209	2	instance	instance	NOUN
easat-9654	209	3	,	,	PUNCT
easat-9654	209	4	ant	ant	ADJ
easat-9654	209	5	financial	financial	PROPN
easat-9654	209	6	services	service	NOUN
easat-9654	209	7	group	group	NOUN
easat-9654	209	8	has	have	AUX
easat-9654	209	9	adopted	adopt	VERB
easat-9654	209	10	a	a	DET
easat-9654	209	11	capital	capital	NOUN
easat-9654	209	12	integration	integration	NOUN
easat-9654	209	13	approach	approach	NOUN
easat-9654	209	14	.	.	PUNCT
easat-9654	210	1	by	by	ADP
easat-9654	210	2	collaborating	collaborate	VERB
easat-9654	210	3	with	with	ADP
easat-9654	210	4	emtek	emtek	PROPN
easat-9654	210	5	group	group	NOUN
easat-9654	210	6	to	to	PART
easat-9654	210	7	operate	operate	VERB
easat-9654	210	8	the	the	DET
easat-9654	210	9	dana	dana	PROPN
easat-9654	210	10	ewallet	ewallet	NOUN
easat-9654	210	11	and	and	CCONJ
easat-9654	210	12	making	make	VERB
easat-9654	210	13	a	a	DET
easat-9654	210	14	strategic	strategic	ADJ
easat-9654	210	15	investment	investment	NOUN
easat-9654	210	16	in	in	ADP
easat-9654	210	17	the	the	DET
easat-9654	210	18	consumer	consumer	NOUN
easat-9654	210	19	finance	finance	NOUN
easat-9654	210	20	platform	platform	NOUN
easat-9654	210	21	akulaku	akulaku	PROPN
easat-9654	210	22	,	,	PUNCT
easat-9654	210	23	it	it	PRON
easat-9654	210	24	has	have	AUX
easat-9654	210	25	established	establish	VERB
easat-9654	210	26	a	a	DET
easat-9654	210	27	localized	localize	VERB
easat-9654	210	28	payment	payment	NOUN
easat-9654	210	29	ecosystem	ecosystem	NOUN
easat-9654	210	30	[	[	X
easat-9654	210	31	44	44	NUM
easat-9654	210	32	]	]	PUNCT
easat-9654	210	33	.	.	PUNCT
easat-9654	211	1	tencent	tencent	PROPN
easat-9654	211	2	has	have	AUX
easat-9654	211	3	strengthened	strengthen	VERB
easat-9654	211	4	its	its	PRON
easat-9654	211	5	business	business	NOUN
easat-9654	211	6	strategy	strategy	NOUN
easat-9654	211	7	in	in	ADP
easat-9654	211	8	indonesia	indonesia	PROPN
easat-9654	211	9	through	through	ADP
easat-9654	211	10	equity	equity	NOUN
easat-9654	211	11	connections	connection	NOUN
easat-9654	211	12	and	and	CCONJ
easat-9654	211	13	has	have	AUX
easat-9654	211	14	also	also	ADV
easat-9654	211	15	influenced	influence	VERB
easat-9654	211	16	its	its	PRON
easat-9654	211	17	layout	layout	NOUN
easat-9654	211	18	in	in	ADP
easat-9654	211	19	the	the	DET
easat-9654	211	20	digital	digital	ADJ
easat-9654	211	21	entertainment	entertainment	NOUN
easat-9654	211	22	and	and	CCONJ
easat-9654	211	23	banking	banking	NOUN
easat-9654	211	24	services	service	NOUN
easat-9654	211	25	industries	industry	NOUN
easat-9654	211	26	in	in	ADP
easat-9654	211	27	southeast	southeast	PROPN
easat-9654	211	28	asia	asia	PROPN
easat-9654	211	29	by	by	ADP
easat-9654	211	30	investing	invest	VERB
easat-9654	211	31	in	in	ADP
easat-9654	211	32	sea	sea	NOUN
easat-9654	211	33	group	group	NOUN
easat-9654	211	34	[	[	X
easat-9654	211	35	45	45	NUM
easat-9654	211	36	]	]	PUNCT
easat-9654	211	37	.	.	PUNCT
easat-9654	212	1	in	in	ADP
easat-9654	212	2	addition	addition	NOUN
easat-9654	212	3	,	,	PUNCT
easat-9654	212	4	jd	jd	PROPN
easat-9654	212	5	group	group	NOUN
easat-9654	212	6	adopts	adopt	VERB
easat-9654	212	7	a	a	DET
easat-9654	212	8	"	"	PUNCT
easat-9654	212	9	heavy	heavy	ADJ
easat-9654	212	10	1566	1566	NUM
easat-9654	212	11	edelweiss	edelweiss	PROPN
easat-9654	212	12	applied	apply	VERB
easat-9654	212	13	science	science	NOUN
easat-9654	212	14	and	and	CCONJ
easat-9654	212	15	technology	technology	NOUN
easat-9654	212	16	issn	issn	PROPN
easat-9654	212	17	:	:	PUNCT
easat-9654	212	18	2576	2576	NUM
easat-9654	212	19	-	-	SYM
easat-9654	212	20	8484	8484	NUM
easat-9654	212	21	vol	vol	NOUN
easat-9654	212	22	.	.	PROPN
easat-9654	213	1	9	9	NUM
easat-9654	213	2	,	,	PUNCT
easat-9654	213	3	no	no	INTJ
easat-9654	213	4	.	.	NOUN
easat-9654	213	5	8	8	NUM
easat-9654	213	6	:	:	SYM
easat-9654	213	7	1558	1558	NUM
easat-9654	213	8	-	-	SYM
easat-9654	213	9	1579	1579	NUM
easat-9654	213	10	,	,	PUNCT
easat-9654	213	11	2025	2025	NUM
easat-9654	213	12	doi	doi	NOUN
easat-9654	213	13	:	:	PUNCT
easat-9654	213	14	10.55214/2576	10.55214/2576	NUM
easat-9654	213	15	-	-	PUNCT
easat-9654	213	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	213	17	©	©	PROPN
easat-9654	213	18	2025	2025	NUM
easat-9654	213	19	by	by	ADP
easat-9654	213	20	the	the	DET
easat-9654	213	21	authors	author	NOUN
easat-9654	213	22	;	;	PUNCT
easat-9654	213	23	licensee	licensee	PROPN
easat-9654	213	24	learning	learn	VERB
easat-9654	213	25	gate	gate	PROPN
easat-9654	213	26	asset	asset	PROPN
easat-9654	213	27	+	+	CCONJ
easat-9654	213	28	technology	technology	NOUN
easat-9654	213	29	closed	closed	ADJ
easat-9654	213	30	loop	loop	NOUN
easat-9654	213	31	"	"	PUNCT
easat-9654	213	32	approach	approach	NOUN
easat-9654	213	33	,	,	PUNCT
easat-9654	213	34	forming	form	VERB
easat-9654	213	35	a	a	DET
easat-9654	213	36	coordinated	coordinated	ADJ
easat-9654	213	37	economic	economic	ADJ
easat-9654	213	38	model	model	NOUN
easat-9654	213	39	of	of	ADP
easat-9654	213	40	branch	branch	NOUN
easat-9654	213	41	enterprises	enterprise	NOUN
easat-9654	213	42	in	in	ADP
easat-9654	213	43	indonesia	indonesia	PROPN
easat-9654	213	44	through	through	ADP
easat-9654	213	45	its	its	PRON
easat-9654	213	46	proprietary	proprietary	ADJ
easat-9654	213	47	logistics	logistic	NOUN
easat-9654	213	48	network	network	NOUN
easat-9654	213	49	and	and	CCONJ
easat-9654	213	50	digital	digital	ADJ
easat-9654	213	51	banking	banking	NOUN
easat-9654	213	52	platform	platform	NOUN
easat-9654	213	53	[	[	X
easat-9654	213	54	46	46	NUM
easat-9654	213	55	]	]	PUNCT
easat-9654	213	56	.	.	PUNCT
easat-9654	214	1	as	as	ADP
easat-9654	214	2	a	a	DET
easat-9654	214	3	pioneer	pioneer	NOUN
easat-9654	214	4	of	of	ADP
easat-9654	214	5	chinese	chinese	ADJ
easat-9654	214	6	fintech	fintech	NOUN
easat-9654	214	7	in	in	ADP
easat-9654	214	8	the	the	DET
easat-9654	214	9	southeast	southeast	ADJ
easat-9654	214	10	asian	asian	ADJ
easat-9654	214	11	market	market	NOUN
easat-9654	214	12	,	,	PUNCT
easat-9654	214	13	akulaku	akulaku	PROPN
easat-9654	214	14	has	have	AUX
easat-9654	214	15	established	establish	VERB
easat-9654	214	16	a	a	DET
easat-9654	214	17	unique	unique	ADJ
easat-9654	214	18	competitive	competitive	ADJ
easat-9654	214	19	edge	edge	NOUN
easat-9654	214	20	since	since	SCONJ
easat-9654	214	21	its	its	PRON
easat-9654	214	22	establishment	establishment	NOUN
easat-9654	214	23	in	in	ADP
easat-9654	214	24	2014	2014	NUM
easat-9654	214	25	through	through	ADP
easat-9654	214	26	strategic	strategic	ADJ
easat-9654	214	27	relocation	relocation	NOUN
easat-9654	214	28	and	and	CCONJ
easat-9654	214	29	localization	localization	NOUN
easat-9654	214	30	strategies	strategy	NOUN
easat-9654	214	31	.	.	PUNCT
easat-9654	215	1	the	the	DET
easat-9654	215	2	company	company	NOUN
easat-9654	215	3	was	be	AUX
easat-9654	215	4	initially	initially	ADV
easat-9654	215	5	founded	found	VERB
easat-9654	215	6	in	in	ADP
easat-9654	215	7	shenzhen	shenzhen	PROPN
easat-9654	215	8	,	,	PUNCT
easat-9654	215	9	china	china	PROPN
easat-9654	215	10	,	,	PUNCT
easat-9654	215	11	and	and	CCONJ
easat-9654	215	12	later	later	ADV
easat-9654	215	13	moved	move	VERB
easat-9654	215	14	its	its	PRON
easat-9654	215	15	headquarters	headquarters	NOUN
easat-9654	215	16	to	to	ADP
easat-9654	215	17	jakarta	jakarta	PROPN
easat-9654	215	18	,	,	PUNCT
easat-9654	215	19	indonesia	indonesia	PROPN
easat-9654	215	20	.	.	PUNCT
easat-9654	216	1	akulaku	akulaku	PROPN
easat-9654	216	2	has	have	AUX
easat-9654	216	3	capitalized	capitalize	VERB
easat-9654	216	4	on	on	ADP
easat-9654	216	5	the	the	DET
easat-9654	216	6	underdeveloped	underdeveloped	ADJ
easat-9654	216	7	financial	financial	ADJ
easat-9654	216	8	infrastructure	infrastructure	NOUN
easat-9654	216	9	in	in	ADP
easat-9654	216	10	the	the	DET
easat-9654	216	11	emerging	emerge	VERB
easat-9654	216	12	southeast	southeast	ADJ
easat-9654	216	13	asian	asian	ADJ
easat-9654	216	14	market	market	NOUN
easat-9654	216	15	,	,	PUNCT
easat-9654	216	16	particularly	particularly	ADV
easat-9654	216	17	in	in	ADP
easat-9654	216	18	the	the	DET
easat-9654	216	19	banking	banking	NOUN
easat-9654	216	20	sector	sector	NOUN
easat-9654	216	21	with	with	ADP
easat-9654	216	22	a	a	DET
easat-9654	216	23	coverage	coverage	NOUN
easat-9654	216	24	rate	rate	NOUN
easat-9654	216	25	of	of	ADP
easat-9654	216	26	less	less	ADJ
easat-9654	216	27	than	than	ADP
easat-9654	216	28	40	40	NUM
easat-9654	216	29	%	%	NOUN
easat-9654	216	30	,	,	PUNCT
easat-9654	216	31	to	to	PART
easat-9654	216	32	develop	develop	VERB
easat-9654	216	33	an	an	DET
easat-9654	216	34	ecosystem	ecosystem	NOUN
easat-9654	216	35	focused	focus	VERB
easat-9654	216	36	on	on	ADP
easat-9654	216	37	digital	digital	ADJ
easat-9654	216	38	inclusive	inclusive	ADJ
easat-9654	216	39	finance	finance	NOUN
easat-9654	216	40	[	[	X
easat-9654	216	41	6	6	NUM
easat-9654	216	42	]	]	PUNCT
easat-9654	216	43	.	.	PUNCT
easat-9654	217	1	an	an	DET
easat-9654	217	2	ecosystem	ecosystem	NOUN
easat-9654	217	3	focused	focus	VERB
easat-9654	217	4	on	on	ADP
easat-9654	217	5	digital	digital	ADJ
easat-9654	217	6	inclusive	inclusive	ADJ
easat-9654	217	7	finance	finance	NOUN
easat-9654	217	8	has	have	AUX
easat-9654	217	9	been	be	AUX
easat-9654	217	10	developed	develop	VERB
easat-9654	217	11	.	.	PUNCT
easat-9654	218	1	meanwhile	meanwhile	ADV
easat-9654	218	2	,	,	PUNCT
easat-9654	218	3	akulaku	akulaku	PROPN
easat-9654	218	4	has	have	AUX
easat-9654	218	5	adopted	adopt	VERB
easat-9654	218	6	a	a	DET
easat-9654	218	7	dual	dual	ADV
easat-9654	218	8	-	-	PUNCT
easat-9654	218	9	driven	drive	VERB
easat-9654	218	10	approach	approach	NOUN
easat-9654	218	11	of	of	ADP
easat-9654	218	12	"	"	PUNCT
easat-9654	218	13	deep	deep	ADJ
easat-9654	218	14	integration	integration	NOUN
easat-9654	218	15	into	into	ADP
easat-9654	218	16	consumption	consumption	NOUN
easat-9654	218	17	scenarios	scenario	NOUN
easat-9654	218	18	and	and	CCONJ
easat-9654	218	19	intelligent	intelligent	ADJ
easat-9654	218	20	risk	risk	NOUN
easat-9654	218	21	control	control	NOUN
easat-9654	218	22	credit	credit	NOUN
easat-9654	218	23	"	"	PUNCT
easat-9654	218	24	to	to	PART
easat-9654	218	25	address	address	VERB
easat-9654	218	26	the	the	DET
easat-9654	218	27	issue	issue	NOUN
easat-9654	218	28	of	of	ADP
easat-9654	218	29	people	people	NOUN
easat-9654	218	30	in	in	ADP
easat-9654	218	31	indonesia	indonesia	PROPN
easat-9654	218	32	with	with	ADP
easat-9654	218	33	no	no	DET
easat-9654	218	34	credit	credit	NOUN
easat-9654	218	35	records	record	NOUN
easat-9654	218	36	accessing	access	VERB
easat-9654	218	37	financial	financial	ADJ
easat-9654	218	38	services	service	NOUN
easat-9654	218	39	[	[	X
easat-9654	218	40	47	47	NUM
easat-9654	218	41	]	]	PUNCT
easat-9654	218	42	.	.	PUNCT
easat-9654	219	1	this	this	DET
easat-9654	219	2	series	series	NOUN
easat-9654	219	3	of	of	ADP
easat-9654	219	4	measures	measure	NOUN
easat-9654	219	5	enabled	enable	VERB
easat-9654	219	6	akulaku	akulaku	PROPN
easat-9654	219	7	to	to	PART
easat-9654	219	8	successfully	successfully	ADV
easat-9654	219	9	gain	gain	VERB
easat-9654	219	10	a	a	DET
easat-9654	219	11	first	first	ADJ
easat-9654	219	12	-	-	PUNCT
easat-9654	219	13	mover	mover	NOUN
easat-9654	219	14	advantage	advantage	NOUN
easat-9654	219	15	in	in	ADP
easat-9654	219	16	the	the	DET
easat-9654	219	17	indonesian	indonesian	ADJ
easat-9654	219	18	market	market	NOUN
easat-9654	219	19	.	.	PUNCT
easat-9654	220	1	dana	dana	PROPN
easat-9654	220	2	,	,	PUNCT
easat-9654	220	3	a	a	DET
easat-9654	220	4	digital	digital	ADJ
easat-9654	220	5	payment	payment	NOUN
easat-9654	220	6	network	network	NOUN
easat-9654	220	7	jointly	jointly	ADV
easat-9654	220	8	founded	found	VERB
easat-9654	220	9	by	by	ADP
easat-9654	220	10	ant	ant	ADJ
easat-9654	220	11	financial	financial	NOUN
easat-9654	220	12	,	,	PUNCT
easat-9654	220	13	a	a	DET
easat-9654	220	14	subsidiary	subsidiary	NOUN
easat-9654	220	15	of	of	ADP
easat-9654	220	16	alibaba	alibaba	PROPN
easat-9654	220	17	group	group	NOUN
easat-9654	220	18	,	,	PUNCT
easat-9654	220	19	and	and	CCONJ
easat-9654	220	20	emtek	emtek	PROPN
easat-9654	220	21	group	group	NOUN
easat-9654	220	22	of	of	ADP
easat-9654	220	23	indonesia	indonesia	PROPN
easat-9654	220	24	in	in	ADP
easat-9654	220	25	2018	2018	NUM
easat-9654	220	26	,	,	PUNCT
easat-9654	220	27	has	have	AUX
easat-9654	220	28	been	be	AUX
easat-9654	220	29	labeled	label	VERB
easat-9654	220	30	as	as	ADP
easat-9654	220	31	the	the	DET
easat-9654	220	32	"	"	PUNCT
easat-9654	220	33	indonesian	indonesian	ADJ
easat-9654	220	34	version	version	NOUN
easat-9654	220	35	of	of	ADP
easat-9654	220	36	alipay	alipay	PROPN
easat-9654	220	37	"	"	PUNCT
easat-9654	220	38	in	in	ADP
easat-9654	220	39	the	the	DET
easat-9654	220	40	booming	booming	ADJ
easat-9654	220	41	fintech	fintech	NOUN
easat-9654	220	42	sector	sector	NOUN
easat-9654	220	43	in	in	ADP
easat-9654	220	44	southeast	southeast	PROPN
easat-9654	220	45	asia	asia	PROPN
easat-9654	221	1	[	[	X
easat-9654	221	2	48	48	NUM
easat-9654	221	3	]	]	PUNCT
easat-9654	221	4	.	.	PUNCT
easat-9654	222	1	in	in	ADP
easat-9654	222	2	the	the	DET
easat-9654	222	3	39%-61	39%-61	NUM
easat-9654	222	4	%	%	NOUN
easat-9654	222	5	equity	equity	NOUN
easat-9654	222	6	agreement	agreement	NOUN
easat-9654	222	7	,	,	PUNCT
easat-9654	222	8	ant	ant	ADJ
easat-9654	222	9	financial	financial	PROPN
easat-9654	222	10	services	service	NOUN
easat-9654	222	11	group	group	NOUN
easat-9654	222	12	provided	provide	VERB
easat-9654	222	13	the	the	DET
easat-9654	222	14	necessary	necessary	ADJ
easat-9654	222	15	technical	technical	ADJ
easat-9654	222	16	infrastructure	infrastructure	NOUN
easat-9654	222	17	and	and	CCONJ
easat-9654	222	18	operational	operational	ADJ
easat-9654	222	19	skills	skill	NOUN
easat-9654	222	20	,	,	PUNCT
easat-9654	222	21	while	while	SCONJ
easat-9654	222	22	emtek	emtek	PROPN
easat-9654	222	23	group	group	NOUN
easat-9654	222	24	leveraged	leverage	VERB
easat-9654	222	25	its	its	PRON
easat-9654	222	26	regional	regional	ADJ
easat-9654	222	27	media	medium	NOUN
easat-9654	222	28	and	and	CCONJ
easat-9654	222	29	telecommunications	telecommunication	NOUN
easat-9654	222	30	networks	network	NOUN
easat-9654	222	31	to	to	PART
easat-9654	222	32	enhance	enhance	VERB
easat-9654	222	33	market	market	NOUN
easat-9654	222	34	penetration	penetration	NOUN
easat-9654	222	35	[	[	X
easat-9654	222	36	49	49	NUM
easat-9654	222	37	]	]	PUNCT
easat-9654	222	38	.	.	PUNCT
easat-9654	223	1	this	this	DET
easat-9654	223	2	collaboration	collaboration	NOUN
easat-9654	223	3	enables	enable	VERB
easat-9654	223	4	dana	dana	PROPN
easat-9654	223	5	to	to	PART
easat-9654	223	6	rapidly	rapidly	ADV
easat-9654	223	7	implement	implement	VERB
easat-9654	223	8	a	a	DET
easat-9654	223	9	wide	wide	ADJ
easat-9654	223	10	range	range	NOUN
easat-9654	223	11	of	of	ADP
easat-9654	223	12	digital	digital	ADJ
easat-9654	223	13	financial	financial	ADJ
easat-9654	223	14	services	service	NOUN
easat-9654	223	15	,	,	PUNCT
easat-9654	223	16	such	such	ADJ
easat-9654	223	17	as	as	ADP
easat-9654	223	18	e	e	NOUN
easat-9654	223	19	-	-	NOUN
easat-9654	223	20	commerce	commerce	NOUN
easat-9654	223	21	payment	payment	NOUN
easat-9654	223	22	gateways	gateway	NOUN
easat-9654	223	23	,	,	PUNCT
easat-9654	223	24	point	point	NOUN
easat-9654	223	25	-	-	PUNCT
easat-9654	223	26	of	of	ADP
easat-9654	223	27	-	-	PUNCT
easat-9654	223	28	sale	sale	NOUN
easat-9654	223	29	transaction	transaction	NOUN
easat-9654	223	30	systems	system	NOUN
easat-9654	223	31	,	,	PUNCT
easat-9654	223	32	mobile	mobile	ADJ
easat-9654	223	33	prepaid	prepay	VERB
easat-9654	223	34	recharge	recharge	NOUN
easat-9654	223	35	solutions	solution	NOUN
easat-9654	223	36	,	,	PUNCT
easat-9654	223	37	utility	utility	NOUN
easat-9654	223	38	bill	bill	NOUN
easat-9654	223	39	aggregation	aggregation	NOUN
easat-9654	223	40	platforms	platform	NOUN
easat-9654	223	41	,	,	PUNCT
easat-9654	223	42	and	and	CCONJ
easat-9654	223	43	consumer	consumer	NOUN
easat-9654	223	44	credit	credit	NOUN
easat-9654	223	45	installment	installment	NOUN
easat-9654	223	46	plans	plan	NOUN
easat-9654	223	47	,	,	PUNCT
easat-9654	223	48	thereby	thereby	ADV
easat-9654	223	49	creating	create	VERB
easat-9654	223	50	a	a	DET
easat-9654	223	51	multi	multi	ADJ
easat-9654	223	52	-	-	ADJ
easat-9654	223	53	channel	channel	ADJ
easat-9654	223	54	ecosystem	ecosystem	NOUN
easat-9654	223	55	that	that	PRON
easat-9654	223	56	aligns	align	VERB
easat-9654	223	57	with	with	ADP
easat-9654	223	58	indonesia	indonesia	PROPN
easat-9654	223	59	's	's	PART
easat-9654	223	60	evolving	evolve	VERB
easat-9654	223	61	cashless	cashless	NOUN
easat-9654	223	62	economy	economy	NOUN
easat-9654	223	63	.	.	PUNCT
easat-9654	224	1	additionally	additionally	ADV
easat-9654	224	2	,	,	PUNCT
easat-9654	224	3	ant	ant	ADJ
easat-9654	224	4	financial	financial	ADJ
easat-9654	224	5	leverages	leverage	NOUN
easat-9654	224	6	its	its	PRON
easat-9654	224	7	global	global	ADJ
easat-9654	224	8	payment	payment	NOUN
easat-9654	224	9	network	network	NOUN
easat-9654	224	10	resources	resource	NOUN
easat-9654	224	11	to	to	PART
easat-9654	224	12	provide	provide	VERB
easat-9654	224	13	dana	dana	PROPN
easat-9654	224	14	with	with	ADP
easat-9654	224	15	cross	cross	ADJ
easat-9654	224	16	-	-	ADJ
easat-9654	224	17	border	border	ADJ
easat-9654	224	18	transaction	transaction	NOUN
easat-9654	224	19	capabilities	capability	NOUN
easat-9654	224	20	and	and	CCONJ
easat-9654	224	21	a	a	DET
easat-9654	224	22	regulatory	regulatory	ADJ
easat-9654	224	23	compliance	compliance	NOUN
easat-9654	224	24	framework	framework	NOUN
easat-9654	224	25	,	,	PUNCT
easat-9654	224	26	facilitating	facilitate	VERB
easat-9654	224	27	dana	dana	PROPN
easat-9654	224	28	's	's	PART
easat-9654	224	29	scalable	scalable	ADJ
easat-9654	224	30	growth	growth	NOUN
easat-9654	224	31	in	in	ADP
easat-9654	224	32	the	the	DET
easat-9654	224	33	asean	asean	ADJ
easat-9654	224	34	market	market	NOUN
easat-9654	225	1	[	[	X
easat-9654	225	2	48	48	NUM
easat-9654	225	3	]	]	PUNCT
easat-9654	225	4	.	.	PUNCT
easat-9654	226	1	the	the	DET
easat-9654	226	2	improvement	improvement	NOUN
easat-9654	226	3	of	of	ADP
easat-9654	226	4	this	this	DET
easat-9654	226	5	technology	technology	NOUN
easat-9654	226	6	has	have	AUX
easat-9654	226	7	made	make	VERB
easat-9654	226	8	dana	dana	PROPN
easat-9654	226	9	the	the	DET
easat-9654	226	10	first	first	ADJ
easat-9654	226	11	e	e	NOUN
easat-9654	226	12	-	-	NOUN
easat-9654	226	13	wallet	wallet	NOUN
easat-9654	226	14	service	service	NOUN
easat-9654	226	15	in	in	ADP
easat-9654	226	16	indonesia	indonesia	PROPN
easat-9654	226	17	to	to	PART
easat-9654	226	18	obtain	obtain	VERB
easat-9654	226	19	pci	pci	ADJ
easat-9654	226	20	dss	dss	NOUN
easat-9654	226	21	certification	certification	NOUN
easat-9654	226	22	,	,	PUNCT
easat-9654	226	23	enhancing	enhance	VERB
easat-9654	226	24	the	the	DET
easat-9654	226	25	confidence	confidence	NOUN
easat-9654	226	26	of	of	ADP
easat-9654	226	27	indonesian	indonesian	ADJ
easat-9654	226	28	customers	customer	NOUN
easat-9654	226	29	.	.	PUNCT
easat-9654	227	1	adakami	adakami	PROPN
easat-9654	227	2	and	and	CCONJ
easat-9654	227	3	kredivo	kredivo	PROPN
easat-9654	227	4	have	have	AUX
easat-9654	227	5	developed	develop	VERB
easat-9654	227	6	in	in	ADP
easat-9654	227	7	different	different	ADJ
easat-9654	227	8	ways	way	NOUN
easat-9654	227	9	and	and	CCONJ
easat-9654	227	10	at	at	ADP
easat-9654	227	11	different	different	ADJ
easat-9654	227	12	paces	pace	NOUN
easat-9654	227	13	:	:	PUNCT
easat-9654	227	14	one	one	NUM
easat-9654	227	15	driven	drive	VERB
easat-9654	227	16	by	by	ADP
easat-9654	227	17	capitalfueled	capitalfueled	ADJ
easat-9654	227	18	growth	growth	NOUN
easat-9654	227	19	,	,	PUNCT
easat-9654	227	20	the	the	DET
easat-9654	227	21	other	other	ADJ
easat-9654	227	22	by	by	ADP
easat-9654	227	23	technology	technology	NOUN
easat-9654	227	24	-	-	PUNCT
easat-9654	227	25	driven	drive	VERB
easat-9654	227	26	innovation	innovation	NOUN
easat-9654	227	27	.	.	PUNCT
easat-9654	228	1	adakami	adakami	PROPN
easat-9654	228	2	is	be	AUX
easat-9654	228	3	also	also	ADV
easat-9654	228	4	a	a	DET
easat-9654	228	5	typical	typical	ADJ
easat-9654	228	6	example	example	NOUN
easat-9654	228	7	of	of	ADP
easat-9654	228	8	china	china	PROPN
easat-9654	228	9	's	's	PART
easat-9654	228	10	fintech	fintech	NOUN
easat-9654	228	11	capital	capital	NOUN
easat-9654	228	12	export	export	NOUN
easat-9654	228	13	,	,	PUNCT
easat-9654	228	14	mainly	mainly	ADV
easat-9654	228	15	supported	support	VERB
easat-9654	228	16	by	by	ADP
easat-9654	228	17	finvolution	finvolution	NOUN
easat-9654	228	18	[	[	X
easat-9654	228	19	50	50	NUM
easat-9654	228	20	]	]	PUNCT
easat-9654	228	21	.	.	PUNCT
easat-9654	229	1	the	the	DET
easat-9654	229	2	company	company	NOUN
easat-9654	229	3	focuses	focus	VERB
easat-9654	229	4	on	on	ADP
easat-9654	229	5	the	the	DET
easat-9654	229	6	indonesian	indonesian	ADJ
easat-9654	229	7	subprime	subprime	ADJ
easat-9654	229	8	credit	credit	NOUN
easat-9654	229	9	market	market	NOUN
easat-9654	229	10	(	(	PUNCT
easat-9654	229	11	fico	fico	NOUN
easat-9654	229	12	<	<	X
easat-9654	229	13	650	650	NUM
easat-9654	229	14	)	)	PUNCT
easat-9654	229	15	and	and	CCONJ
easat-9654	229	16	has	have	AUX
easat-9654	229	17	rapidly	rapidly	ADV
easat-9654	229	18	penetrated	penetrate	VERB
easat-9654	229	19	this	this	DET
easat-9654	229	20	sector	sector	NOUN
easat-9654	229	21	through	through	ADP
easat-9654	229	22	unsecured	unsecured	ADJ
easat-9654	229	23	daily	daily	ADJ
easat-9654	229	24	loans	loan	NOUN
easat-9654	229	25	(	(	PUNCT
easat-9654	229	26	up	up	ADP
easat-9654	229	27	to	to	PART
easat-9654	229	28	3	3	NUM
easat-9654	229	29	million	million	NUM
easat-9654	229	30	indonesian	indonesian	ADJ
easat-9654	229	31	rupiah	rupiah	PROPN
easat-9654	229	32	)	)	PUNCT
easat-9654	229	33	and	and	CCONJ
easat-9654	229	34	consumer	consumer	NOUN
easat-9654	229	35	installment	installment	NOUN
easat-9654	229	36	products	product	NOUN
easat-9654	229	37	(	(	PUNCT
easat-9654	229	38	up	up	ADP
easat-9654	229	39	to	to	PART
easat-9654	229	40	10	10	NUM
easat-9654	229	41	million	million	NUM
easat-9654	229	42	indonesian	indonesian	ADJ
easat-9654	229	43	rupiah	rupiah	NOUN
easat-9654	229	44	)	)	PUNCT
easat-9654	230	1	[	[	X
easat-9654	230	2	51	51	NUM
easat-9654	230	3	]	]	PUNCT
easat-9654	230	4	.	.	PUNCT
easat-9654	231	1	in	in	ADP
easat-9654	231	2	contrast	contrast	NOUN
easat-9654	231	3	,	,	PUNCT
easat-9654	231	4	kredivo	kredivo	ADJ
easat-9654	231	5	places	place	NOUN
easat-9654	231	6	greater	great	ADJ
easat-9654	231	7	emphasis	emphasis	NOUN
easat-9654	231	8	on	on	ADP
easat-9654	231	9	its	its	PRON
easat-9654	231	10	own	own	ADJ
easat-9654	231	11	technological	technological	ADJ
easat-9654	231	12	development	development	NOUN
easat-9654	231	13	,	,	PUNCT
easat-9654	231	14	thereby	thereby	ADV
easat-9654	231	15	building	build	VERB
easat-9654	231	16	a	a	DET
easat-9654	231	17	competitive	competitive	ADJ
easat-9654	231	18	barrier	barrier	NOUN
easat-9654	231	19	within	within	ADP
easat-9654	231	20	the	the	DET
easat-9654	231	21	ecosystem	ecosystem	NOUN
easat-9654	231	22	.	.	PUNCT
easat-9654	232	1	as	as	ADP
easat-9654	232	2	a	a	DET
easat-9654	232	3	leader	leader	NOUN
easat-9654	232	4	in	in	ADP
easat-9654	232	5	the	the	DET
easat-9654	232	6	"	"	PUNCT
easat-9654	232	7	buy	buy	NOUN
easat-9654	232	8	now	now	ADV
easat-9654	232	9	,	,	PUNCT
easat-9654	232	10	pay	pay	VERB
easat-9654	232	11	later	later	ADV
easat-9654	232	12	"	"	PUNCT
easat-9654	232	13	(	(	PUNCT
easat-9654	232	14	bnpl	bnpl	NOUN
easat-9654	232	15	)	)	PUNCT
easat-9654	232	16	sector	sector	NOUN
easat-9654	232	17	in	in	ADP
easat-9654	232	18	southeast	southeast	PROPN
easat-9654	232	19	asia	asia	PROPN
easat-9654	232	20	,	,	PUNCT
easat-9654	232	21	it	it	PRON
easat-9654	232	22	ensures	ensure	VERB
easat-9654	232	23	the	the	DET
easat-9654	232	24	acquisition	acquisition	NOUN
easat-9654	232	25	of	of	ADP
easat-9654	232	26	target	target	NOUN
easat-9654	232	27	customers	customer	NOUN
easat-9654	232	28	through	through	ADP
easat-9654	232	29	a	a	DET
easat-9654	232	30	dual	dual	ADJ
easat-9654	232	31	-	-	PUNCT
easat-9654	232	32	track	track	NOUN
easat-9654	232	33	credit	credit	NOUN
easat-9654	232	34	product	product	NOUN
easat-9654	232	35	(	(	PUNCT
easat-9654	232	36	30	30	NUM
easat-9654	232	37	-	-	PUNCT
easat-9654	232	38	day	day	NOUN
easat-9654	232	39	interest	interest	NOUN
easat-9654	232	40	-	-	PUNCT
easat-9654	232	41	free	free	ADJ
easat-9654	232	42	installments	installment	NOUN
easat-9654	232	43	plus	plus	CCONJ
easat-9654	232	44	a	a	DET
easat-9654	232	45	revolving	revolve	VERB
easat-9654	232	46	credit	credit	NOUN
easat-9654	232	47	limit	limit	NOUN
easat-9654	232	48	of	of	ADP
easat-9654	232	49	up	up	ADP
easat-9654	232	50	to	to	PART
easat-9654	232	51	50	50	NUM
easat-9654	232	52	million	million	NUM
easat-9654	232	53	indonesian	indonesian	ADJ
easat-9654	232	54	rupiah	rupiah	PROPN
easat-9654	232	55	)	)	PUNCT
easat-9654	232	56	and	and	CCONJ
easat-9654	232	57	an	an	DET
easat-9654	232	58	algorithmic	algorithmic	ADJ
easat-9654	232	59	risk	risk	NOUN
easat-9654	232	60	control	control	NOUN
easat-9654	232	61	system	system	NOUN
easat-9654	232	62	(	(	PUNCT
easat-9654	232	63	with	with	ADP
easat-9654	232	64	an	an	DET
easat-9654	232	65	ai	ai	NOUN
easat-9654	232	66	approval	approval	NOUN
easat-9654	232	67	time	time	NOUN
easat-9654	232	68	of	of	ADP
easat-9654	232	69	only	only	ADV
easat-9654	232	70	2	2	NUM
easat-9654	232	71	minutes	minute	NOUN
easat-9654	232	72	)	)	PUNCT
easat-9654	233	1	[	[	X
easat-9654	233	2	52	52	NUM
easat-9654	233	3	]	]	PUNCT
easat-9654	233	4	.	.	PUNCT
easat-9654	234	1	the	the	DET
easat-9654	234	2	most	most	ADV
easat-9654	234	3	notable	notable	ADJ
easat-9654	234	4	aspect	aspect	NOUN
easat-9654	234	5	is	be	AUX
easat-9654	234	6	its	its	PRON
easat-9654	234	7	scene	scene	NOUN
easat-9654	234	8	penetration	penetration	NOUN
easat-9654	234	9	strategy	strategy	NOUN
easat-9654	234	10	:	:	PUNCT
easat-9654	234	11	by	by	ADP
easat-9654	234	12	exclusively	exclusively	ADV
easat-9654	234	13	integrating	integrate	VERB
easat-9654	234	14	the	the	DET
easat-9654	234	15	payment	payment	NOUN
easat-9654	234	16	systems	system	NOUN
easat-9654	234	17	of	of	ADP
easat-9654	234	18	well	well	ADV
easat-9654	234	19	-	-	PUNCT
easat-9654	234	20	known	know	VERB
easat-9654	234	21	e	e	NOUN
easat-9654	234	22	-	-	NOUN
easat-9654	234	23	commerce	commerce	NOUN
easat-9654	234	24	platforms	platform	NOUN
easat-9654	234	25	such	such	ADJ
easat-9654	234	26	as	as	ADP
easat-9654	234	27	tokopedia	tokopedia	PROPN
easat-9654	234	28	,	,	PUNCT
easat-9654	234	29	shopee	shopee	NOUN
easat-9654	234	30	,	,	PUNCT
easat-9654	234	31	and	and	CCONJ
easat-9654	234	32	lazada	lazada	NOUN
easat-9654	234	33	,	,	PUNCT
easat-9654	234	34	kredivo	kredivo	PROPN
easat-9654	234	35	has	have	AUX
easat-9654	234	36	established	establish	VERB
easat-9654	234	37	a	a	DET
easat-9654	234	38	closed	close	VERB
easat-9654	234	39	-	-	PUNCT
easat-9654	234	40	loop	loop	NOUN
easat-9654	234	41	ecosystem	ecosystem	NOUN
easat-9654	234	42	encompassing	encompass	VERB
easat-9654	234	43	over	over	ADP
easat-9654	234	44	4,000	4,000	NUM
easat-9654	234	45	merchants	merchant	NOUN
easat-9654	234	46	,	,	PUNCT
easat-9654	234	47	with	with	ADP
easat-9654	234	48	an	an	DET
easat-9654	234	49	average	average	NOUN
easat-9654	234	50	of	of	ADP
easat-9654	234	51	25	25	NUM
easat-9654	234	52	transactions	transaction	NOUN
easat-9654	234	53	per	per	ADP
easat-9654	234	54	user	user	NOUN
easat-9654	234	55	annually	annually	ADV
easat-9654	234	56	,	,	PUNCT
easat-9654	234	57	significantly	significantly	ADV
easat-9654	234	58	exceeding	exceed	VERB
easat-9654	234	59	the	the	DET
easat-9654	234	60	industry	industry	NOUN
easat-9654	234	61	average	average	NOUN
easat-9654	234	62	of	of	ADP
easat-9654	234	63	12	12	NUM
easat-9654	234	64	-	-	SYM
easat-9654	234	65	15	15	NUM
easat-9654	234	66	[	[	X
easat-9654	234	67	53	53	NUM
easat-9654	234	68	]	]	PUNCT
easat-9654	234	69	.	.	PUNCT
easat-9654	235	1	the	the	DET
easat-9654	235	2	combination	combination	NOUN
easat-9654	235	3	of	of	ADP
easat-9654	235	4	"	"	PUNCT
easat-9654	235	5	technical	technical	ADJ
easat-9654	235	6	infrastructure	infrastructure	NOUN
easat-9654	235	7	and	and	CCONJ
easat-9654	235	8	market	market	NOUN
easat-9654	235	9	dominance	dominance	NOUN
easat-9654	235	10	"	"	PUNCT
easat-9654	235	11	enables	enable	VERB
easat-9654	235	12	it	it	PRON
easat-9654	235	13	to	to	PART
easat-9654	235	14	create	create	VERB
easat-9654	235	15	a	a	DET
easat-9654	235	16	sustained	sustained	ADJ
easat-9654	235	17	and	and	CCONJ
easat-9654	235	18	unique	unique	ADJ
easat-9654	235	19	advantage	advantage	NOUN
easat-9654	235	20	in	in	ADP
easat-9654	235	21	the	the	DET
easat-9654	235	22	digital	digital	ADJ
easat-9654	235	23	credit	credit	NOUN
easat-9654	235	24	sector	sector	NOUN
easat-9654	235	25	in	in	ADP
easat-9654	235	26	indonesia	indonesia	PROPN
easat-9654	235	27	.	.	PUNCT
easat-9654	236	1	3.2	3.2	NUM
easat-9654	236	2	.	.	PUNCT
easat-9654	237	1	analysis	analysis	NOUN
easat-9654	237	2	of	of	ADP
easat-9654	237	3	compliance	compliance	NOUN
easat-9654	237	4	difficulties	difficulty	NOUN
easat-9654	237	5	3.2.1	3.2.1	NUM
easat-9654	237	6	.	.	PUNCT
easat-9654	238	1	enforcement	enforcement	NOUN
easat-9654	238	2	and	and	CCONJ
easat-9654	238	3	regulatory	regulatory	ADJ
easat-9654	238	4	dilemmas	dilemma	NOUN
easat-9654	238	5	the	the	DET
easat-9654	238	6	financial	financial	ADJ
easat-9654	238	7	regulatory	regulatory	ADJ
easat-9654	238	8	framework	framework	NOUN
easat-9654	238	9	in	in	ADP
easat-9654	238	10	indonesia	indonesia	PROPN
easat-9654	238	11	has	have	AUX
easat-9654	238	12	encountered	encounter	VERB
easat-9654	238	13	a	a	DET
easat-9654	238	14	considerable	considerable	ADJ
easat-9654	238	15	number	number	NOUN
easat-9654	238	16	of	of	ADP
easat-9654	238	17	regulatory	regulatory	ADJ
easat-9654	238	18	challenges	challenge	NOUN
easat-9654	238	19	due	due	ADP
easat-9654	238	20	to	to	ADP
easat-9654	238	21	the	the	DET
easat-9654	238	22	overlapping	overlap	VERB
easat-9654	238	23	responsibilities	responsibility	NOUN
easat-9654	238	24	of	of	ADP
easat-9654	238	25	the	the	DET
easat-9654	238	26	bi	bi	NOUN
easat-9654	238	27	,	,	PUNCT
easat-9654	238	28	the	the	DET
easat-9654	238	29	ojk	ojk	NOUN
easat-9654	238	30	,	,	PUNCT
easat-9654	238	31	and	and	CCONJ
easat-9654	238	32	the	the	DET
easat-9654	238	33	ministry	ministry	PROPN
easat-9654	238	34	of	of	ADP
easat-9654	238	35	communication	communication	NOUN
easat-9654	238	36	and	and	CCONJ
easat-9654	238	37	information	information	NOUN
easat-9654	238	38	(	(	PUNCT
easat-9654	238	39	kominfo	kominfo	NOUN
easat-9654	238	40	)	)	PUNCT
easat-9654	238	41	.	.	PUNCT
easat-9654	239	1	this	this	DET
easat-9654	239	2	structural	structural	ADJ
easat-9654	239	3	conflict	conflict	NOUN
easat-9654	239	4	has	have	AUX
easat-9654	239	5	led	lead	VERB
easat-9654	239	6	to	to	ADP
easat-9654	239	7	persistent	persistent	ADJ
easat-9654	239	8	regulatory	regulatory	ADJ
easat-9654	239	9	ambiguity	ambiguity	NOUN
easat-9654	239	10	,	,	PUNCT
easat-9654	239	11	reduced	reduce	VERB
easat-9654	239	12	market	market	NOUN
easat-9654	239	13	efficiency	efficiency	NOUN
easat-9654	239	14	,	,	PUNCT
easat-9654	239	15	and	and	CCONJ
easat-9654	239	16	exacerbated	exacerbate	VERB
easat-9654	239	17	systemic	systemic	ADJ
easat-9654	239	18	risks	risk	NOUN
easat-9654	239	19	.	.	PUNCT
easat-9654	240	1	the	the	DET
easat-9654	240	2	fundamental	fundamental	ADJ
easat-9654	240	3	issue	issue	NOUN
easat-9654	240	4	lies	lie	VERB
easat-9654	240	5	in	in	ADP
easat-9654	240	6	the	the	DET
easat-9654	240	7	unclear	unclear	ADJ
easat-9654	240	8	legal	legal	ADJ
easat-9654	240	9	parameters	parameter	NOUN
easat-9654	240	10	and	and	CCONJ
easat-9654	240	11	the	the	DET
easat-9654	240	12	lack	lack	NOUN
easat-9654	240	13	of	of	ADP
easat-9654	240	14	a	a	DET
easat-9654	240	15	coordination	coordination	NOUN
easat-9654	240	16	mechanism	mechanism	NOUN
easat-9654	240	17	,	,	PUNCT
easat-9654	240	18	especially	especially	ADV
easat-9654	240	19	in	in	ADP
easat-9654	240	20	the	the	DET
easat-9654	240	21	fields	field	NOUN
easat-9654	240	22	of	of	ADP
easat-9654	240	23	fintech	fintech	NOUN
easat-9654	240	24	and	and	CCONJ
easat-9654	240	25	cross	cross	ADJ
easat-9654	240	26	-	-	ADJ
easat-9654	240	27	border	border	ADJ
easat-9654	240	28	capital	capital	NOUN
easat-9654	240	29	.	.	PUNCT
easat-9654	241	1	1567	1567	NUM
easat-9654	241	2	edelweiss	edelweiss	PROPN
easat-9654	241	3	applied	apply	VERB
easat-9654	241	4	science	science	NOUN
easat-9654	241	5	and	and	CCONJ
easat-9654	241	6	technology	technology	NOUN
easat-9654	241	7	issn	issn	PROPN
easat-9654	241	8	:	:	PUNCT
easat-9654	241	9	2576	2576	NUM
easat-9654	241	10	-	-	SYM
easat-9654	241	11	8484	8484	NUM
easat-9654	241	12	vol	vol	NOUN
easat-9654	241	13	.	.	PROPN
easat-9654	242	1	9	9	NUM
easat-9654	242	2	,	,	PUNCT
easat-9654	242	3	no	no	INTJ
easat-9654	242	4	.	.	NOUN
easat-9654	242	5	8	8	NUM
easat-9654	242	6	:	:	SYM
easat-9654	242	7	1558	1558	NUM
easat-9654	242	8	-	-	SYM
easat-9654	242	9	1579	1579	NUM
easat-9654	242	10	,	,	PUNCT
easat-9654	242	11	2025	2025	NUM
easat-9654	242	12	doi	doi	NOUN
easat-9654	242	13	:	:	PUNCT
easat-9654	242	14	10.55214/2576	10.55214/2576	NUM
easat-9654	242	15	-	-	PUNCT
easat-9654	242	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	242	17	©	©	PROPN
easat-9654	242	18	2025	2025	NUM
easat-9654	242	19	by	by	ADP
easat-9654	242	20	the	the	DET
easat-9654	242	21	authors	author	NOUN
easat-9654	242	22	;	;	PUNCT
easat-9654	242	23	licensee	licensee	PROPN
easat-9654	242	24	learning	learning	NOUN
easat-9654	242	25	gate	gate	NOUN
easat-9654	242	26	for	for	ADP
easat-9654	242	27	instance	instance	NOUN
easat-9654	242	28	,	,	PUNCT
easat-9654	242	29	in	in	ADP
easat-9654	242	30	the	the	DET
easat-9654	242	31	payment	payment	NOUN
easat-9654	242	32	industry	industry	NOUN
easat-9654	242	33	,	,	PUNCT
easat-9654	242	34	bi	bi	NOUN
easat-9654	242	35	supervises	supervise	VERB
easat-9654	242	36	the	the	DET
easat-9654	242	37	payment	payment	NOUN
easat-9654	242	38	system	system	NOUN
easat-9654	242	39	infrastructure	infrastructure	NOUN
easat-9654	242	40	,	,	PUNCT
easat-9654	242	41	including	include	VERB
easat-9654	242	42	the	the	DET
easat-9654	242	43	issuance	issuance	NOUN
easat-9654	242	44	of	of	ADP
easat-9654	242	45	electronic	electronic	ADJ
easat-9654	242	46	money	money	NOUN
easat-9654	242	47	,	,	PUNCT
easat-9654	242	48	while	while	SCONJ
easat-9654	242	49	ojk	ojk	NOUN
easat-9654	242	50	supervises	supervise	VERB
easat-9654	242	51	the	the	DET
easat-9654	242	52	behavior	behavior	NOUN
easat-9654	242	53	of	of	ADP
easat-9654	242	54	payment	payment	NOUN
easat-9654	242	55	institutions	institution	NOUN
easat-9654	242	56	.	.	PUNCT
easat-9654	243	1	such	such	ADJ
easat-9654	243	2	multiple	multiple	ADJ
easat-9654	243	3	reporting	reporting	NOUN
easat-9654	243	4	obligations	obligation	NOUN
easat-9654	243	5	can	can	AUX
easat-9654	243	6	easily	easily	ADV
easat-9654	243	7	lead	lead	VERB
easat-9654	243	8	to	to	ADP
easat-9654	243	9	regulatory	regulatory	ADJ
easat-9654	243	10	difficulties	difficulty	NOUN
easat-9654	243	11	.	.	PUNCT
easat-9654	244	1	fintech	fintech	NOUN
easat-9654	244	2	enterprises	enterprise	NOUN
easat-9654	244	3	that	that	PRON
easat-9654	244	4	are	be	AUX
easat-9654	244	5	engaged	engage	VERB
easat-9654	244	6	in	in	ADP
easat-9654	244	7	both	both	DET
easat-9654	244	8	payment	payment	NOUN
easat-9654	244	9	and	and	CCONJ
easat-9654	244	10	lending	lending	NOUN
easat-9654	244	11	businesses	business	NOUN
easat-9654	244	12	must	must	AUX
easat-9654	244	13	obtain	obtain	VERB
easat-9654	244	14	licenses	license	NOUN
easat-9654	244	15	from	from	ADP
easat-9654	244	16	each	each	DET
easat-9654	244	17	regulatory	regulatory	ADJ
easat-9654	244	18	body	body	NOUN
easat-9654	244	19	separately	separately	ADV
easat-9654	244	20	.	.	PUNCT
easat-9654	245	1	enterprises	enterprise	NOUN
easat-9654	245	2	find	find	VERB
easat-9654	245	3	it	it	PRON
easat-9654	245	4	difficult	difficult	ADJ
easat-9654	245	5	to	to	PART
easat-9654	245	6	correctly	correctly	ADV
easat-9654	245	7	understand	understand	VERB
easat-9654	245	8	the	the	DET
easat-9654	245	9	reporting	reporting	NOUN
easat-9654	245	10	standards	standard	NOUN
easat-9654	245	11	,	,	PUNCT
easat-9654	245	12	which	which	PRON
easat-9654	245	13	may	may	AUX
easat-9654	245	14	result	result	VERB
easat-9654	245	15	in	in	ADP
easat-9654	245	16	the	the	DET
easat-9654	245	17	same	same	ADJ
easat-9654	245	18	enterprise	enterprise	NOUN
easat-9654	245	19	reporting	report	VERB
easat-9654	245	20	multiple	multiple	ADJ
easat-9654	245	21	times	time	NOUN
easat-9654	245	22	under	under	ADP
easat-9654	245	23	different	different	ADJ
easat-9654	245	24	standards	standard	NOUN
easat-9654	245	25	,	,	PUNCT
easat-9654	245	26	leading	lead	VERB
easat-9654	245	27	to	to	ADP
easat-9654	245	28	data	datum	NOUN
easat-9654	245	29	duplication	duplication	NOUN
easat-9654	245	30	,	,	PUNCT
easat-9654	245	31	inconsistent	inconsistent	ADJ
easat-9654	245	32	standards	standard	NOUN
easat-9654	245	33	,	,	PUNCT
easat-9654	245	34	and	and	CCONJ
easat-9654	245	35	distorted	distort	VERB
easat-9654	245	36	regulatory	regulatory	ADJ
easat-9654	245	37	data	datum	NOUN
easat-9654	245	38	.	.	PUNCT
easat-9654	246	1	the	the	DET
easat-9654	246	2	most	most	ADV
easat-9654	246	3	urgent	urgent	ADJ
easat-9654	246	4	problem	problem	NOUN
easat-9654	246	5	is	be	AUX
easat-9654	246	6	the	the	DET
easat-9654	246	7	ambiguity	ambiguity	NOUN
easat-9654	246	8	of	of	ADP
easat-9654	246	9	the	the	DET
easat-9654	246	10	regulatory	regulatory	ADJ
easat-9654	246	11	body	body	NOUN
easat-9654	246	12	for	for	ADP
easat-9654	246	13	emerging	emerge	VERB
easat-9654	246	14	enterprises	enterprise	NOUN
easat-9654	246	15	:	:	PUNCT
easat-9654	246	16	first	first	ADV
easat-9654	246	17	,	,	PUNCT
easat-9654	246	18	crypto	crypto	ADJ
easat-9654	246	19	assets	asset	NOUN
easat-9654	246	20	are	be	AUX
easat-9654	246	21	classified	classify	VERB
easat-9654	246	22	as	as	ADP
easat-9654	246	23	"	"	PUNCT
easat-9654	246	24	commodities	commodity	NOUN
easat-9654	246	25	"	"	PUNCT
easat-9654	246	26	rather	rather	ADV
easat-9654	246	27	than	than	ADP
easat-9654	246	28	"	"	PUNCT
easat-9654	246	29	financial	financial	ADJ
easat-9654	246	30	products	product	NOUN
easat-9654	246	31	"	"	PUNCT
easat-9654	246	32	,	,	PUNCT
easat-9654	246	33	and	and	CCONJ
easat-9654	246	34	the	the	DET
easat-9654	246	35	regulatory	regulatory	ADJ
easat-9654	246	36	power	power	NOUN
easat-9654	246	37	belongs	belong	VERB
easat-9654	246	38	to	to	ADP
easat-9654	246	39	bappebti	bappebti	NOUN
easat-9654	246	40	instead	instead	ADV
easat-9654	246	41	of	of	ADP
easat-9654	246	42	the	the	DET
easat-9654	246	43	ojk	ojk	NOUN
easat-9654	246	44	or	or	CCONJ
easat-9654	246	45	the	the	DET
easat-9654	246	46	bi	bi	NOUN
easat-9654	246	47	,	,	PUNCT
easat-9654	246	48	which	which	PRON
easat-9654	246	49	has	have	AUX
easat-9654	246	50	led	lead	VERB
easat-9654	246	51	to	to	ADP
easat-9654	246	52	a	a	DET
easat-9654	246	53	clear	clear	ADJ
easat-9654	246	54	regulatory	regulatory	ADJ
easat-9654	246	55	gap	gap	NOUN
easat-9654	246	56	for	for	ADP
easat-9654	246	57	crypto	crypto	ADJ
easat-9654	246	58	assets	asset	NOUN
easat-9654	246	59	[	[	X
easat-9654	246	60	54	54	NUM
easat-9654	246	61	]	]	PUNCT
easat-9654	246	62	.	.	PUNCT
easat-9654	247	1	secondly	secondly	ADV
easat-9654	247	2	,	,	PUNCT
easat-9654	247	3	in	in	ADP
easat-9654	247	4	the	the	DET
easat-9654	247	5	p2p	p2p	NOUN
easat-9654	247	6	sector	sector	NOUN
easat-9654	247	7	,	,	PUNCT
easat-9654	247	8	ojk	ojk	NOUN
easat-9654	247	9	formulates	formulate	VERB
easat-9654	247	10	regulations	regulation	NOUN
easat-9654	247	11	for	for	ADP
easat-9654	247	12	p2p	p2p	NOUN
easat-9654	247	13	lending	lending	NOUN
easat-9654	247	14	,	,	PUNCT
easat-9654	247	15	kominfo	kominfo	NOUN
easat-9654	247	16	supervises	supervise	NOUN
easat-9654	247	17	and	and	CCONJ
easat-9654	247	18	prohibits	prohibit	VERB
easat-9654	247	19	noncompliant	noncompliant	ADJ
easat-9654	247	20	platforms	platform	NOUN
easat-9654	247	21	,	,	PUNCT
easat-9654	247	22	and	and	CCONJ
easat-9654	247	23	bi	bi	NOUN
easat-9654	247	24	oversees	oversee	VERB
easat-9654	247	25	the	the	DET
easat-9654	247	26	flow	flow	NOUN
easat-9654	247	27	of	of	ADP
easat-9654	247	28	funds	fund	NOUN
easat-9654	247	29	.	.	PUNCT
easat-9654	248	1	data	datum	NOUN
easat-9654	248	2	shows	show	VERB
easat-9654	248	3	that	that	SCONJ
easat-9654	248	4	49	49	NUM
easat-9654	248	5	%	%	NOUN
easat-9654	248	6	of	of	ADP
easat-9654	248	7	fintech	fintech	NOUN
easat-9654	248	8	companies	company	NOUN
easat-9654	248	9	believe	believe	VERB
easat-9654	248	10	that	that	SCONJ
easat-9654	248	11	this	this	DET
easat-9654	248	12	fragmented	fragmented	ADJ
easat-9654	248	13	regulatory	regulatory	ADJ
easat-9654	248	14	approach	approach	NOUN
easat-9654	248	15	is	be	AUX
easat-9654	248	16	too	too	ADV
easat-9654	248	17	slow	slow	ADJ
easat-9654	248	18	,	,	PUNCT
easat-9654	248	19	and	and	CCONJ
easat-9654	248	20	61	61	NUM
easat-9654	248	21	%	%	NOUN
easat-9654	248	22	of	of	ADP
easat-9654	248	23	fintech	fintech	NOUN
easat-9654	248	24	companies	company	NOUN
easat-9654	248	25	think	think	VERB
easat-9654	248	26	that	that	SCONJ
easat-9654	248	27	the	the	DET
easat-9654	248	28	existing	exist	VERB
easat-9654	248	29	laws	law	NOUN
easat-9654	248	30	in	in	ADP
easat-9654	248	31	indonesia	indonesia	PROPN
easat-9654	248	32	are	be	AUX
easat-9654	248	33	still	still	ADV
easat-9654	248	34	ambiguous	ambiguous	ADJ
easat-9654	248	35	or	or	CCONJ
easat-9654	248	36	unclear	unclear	ADJ
easat-9654	248	37	[	[	X
easat-9654	248	38	55	55	NUM
easat-9654	248	39	]	]	PUNCT
easat-9654	248	40	.	.	PUNCT
easat-9654	249	1	meanwhile	meanwhile	ADV
easat-9654	249	2	,	,	PUNCT
easat-9654	249	3	the	the	DET
easat-9654	249	4	development	development	NOUN
easat-9654	249	5	of	of	ADP
easat-9654	249	6	the	the	DET
easat-9654	249	7	fintech	fintech	NOUN
easat-9654	249	8	industry	industry	NOUN
easat-9654	249	9	in	in	ADP
easat-9654	249	10	indonesia	indonesia	PROPN
easat-9654	249	11	is	be	AUX
easat-9654	249	12	also	also	ADV
easat-9654	249	13	restricted	restrict	VERB
easat-9654	249	14	by	by	ADP
easat-9654	249	15	several	several	ADJ
easat-9654	249	16	institutional	institutional	ADJ
easat-9654	249	17	conflicts	conflict	NOUN
easat-9654	249	18	at	at	ADP
easat-9654	249	19	the	the	DET
easat-9654	249	20	regulatory	regulatory	ADJ
easat-9654	249	21	enforcement	enforcement	NOUN
easat-9654	249	22	level	level	NOUN
easat-9654	249	23	.	.	PUNCT
easat-9654	250	1	firstly	firstly	ADV
easat-9654	250	2	,	,	PUNCT
easat-9654	250	3	the	the	DET
easat-9654	250	4	disconnection	disconnection	NOUN
easat-9654	250	5	in	in	ADP
easat-9654	250	6	the	the	DET
easat-9654	250	7	vertical	vertical	ADJ
easat-9654	250	8	regulatory	regulatory	ADJ
easat-9654	250	9	structure	structure	NOUN
easat-9654	250	10	has	have	AUX
easat-9654	250	11	distorted	distort	VERB
easat-9654	250	12	the	the	DET
easat-9654	250	13	policy	policy	NOUN
easat-9654	250	14	transmission	transmission	NOUN
easat-9654	250	15	mechanism	mechanism	NOUN
easat-9654	250	16	.	.	PUNCT
easat-9654	251	1	although	although	SCONJ
easat-9654	251	2	the	the	DET
easat-9654	251	3	bi	bi	NOUN
easat-9654	251	4	and	and	CCONJ
easat-9654	251	5	the	the	DET
easat-9654	251	6	ojk	ojk	NOUN
easat-9654	251	7	have	have	AUX
easat-9654	251	8	established	establish	VERB
easat-9654	251	9	a	a	DET
easat-9654	251	10	national	national	ADJ
easat-9654	251	11	institutional	institutional	ADJ
easat-9654	251	12	framework	framework	NOUN
easat-9654	251	13	,	,	PUNCT
easat-9654	251	14	including	include	VERB
easat-9654	251	15	the	the	DET
easat-9654	251	16	regulatory	regulatory	ADJ
easat-9654	251	17	sandbox	sandbox	NOUN
easat-9654	251	18	mechanism	mechanism	NOUN
easat-9654	251	19	launched	launch	VERB
easat-9654	251	20	in	in	ADP
easat-9654	251	21	2016	2016	NUM
easat-9654	251	22	and	and	CCONJ
easat-9654	251	23	the	the	DET
easat-9654	251	24	specific	specific	ADJ
easat-9654	251	25	regulations	regulation	NOUN
easat-9654	251	26	for	for	ADP
easat-9654	251	27	p2p	p2p	NOUN
easat-9654	251	28	lending	lending	NOUN
easat-9654	251	29	introduced	introduce	VERB
easat-9654	251	30	in	in	ADP
easat-9654	251	31	2018	2018	NUM
easat-9654	251	32	,	,	PUNCT
easat-9654	251	33	the	the	DET
easat-9654	251	34	constitutional	constitutional	ADJ
easat-9654	251	35	principle	principle	NOUN
easat-9654	251	36	of	of	ADP
easat-9654	251	37	local	local	ADJ
easat-9654	251	38	autonomy	autonomy	NOUN
easat-9654	251	39	grants	grant	VERB
easat-9654	251	40	local	local	ADJ
easat-9654	251	41	governments	government	NOUN
easat-9654	251	42	significant	significant	ADJ
easat-9654	251	43	legislative	legislative	ADJ
easat-9654	251	44	power	power	NOUN
easat-9654	251	45	,	,	PUNCT
easat-9654	251	46	resulting	result	VERB
easat-9654	251	47	in	in	ADP
easat-9654	251	48	a	a	DET
easat-9654	251	49	dichotomy	dichotomy	NOUN
easat-9654	251	50	of	of	ADP
easat-9654	251	51	"	"	PUNCT
easat-9654	251	52	central	central	ADJ
easat-9654	251	53	policy	policy	NOUN
easat-9654	251	54	local	local	ADJ
easat-9654	251	55	implementation	implementation	NOUN
easat-9654	251	56	[	[	X
easat-9654	251	57	56	56	NUM
easat-9654	251	58	]	]	PUNCT
easat-9654	251	59	.	.	PUNCT
easat-9654	252	1	this	this	DET
easat-9654	252	2	institutional	institutional	ADJ
easat-9654	252	3	misalignment	misalignment	NOUN
easat-9654	252	4	directly	directly	ADV
easat-9654	252	5	creates	create	VERB
easat-9654	252	6	opportunities	opportunity	NOUN
easat-9654	252	7	for	for	ADP
easat-9654	252	8	regulatory	regulatory	ADJ
easat-9654	252	9	arbitrage	arbitrage	NOUN
easat-9654	252	10	:	:	PUNCT
easat-9654	252	11	the	the	DET
easat-9654	252	12	national	national	ADJ
easat-9654	252	13	payment	payment	NOUN
easat-9654	252	14	business	business	NOUN
easat-9654	252	15	licenses	license	NOUN
easat-9654	252	16	issued	issue	VERB
easat-9654	252	17	by	by	ADP
easat-9654	252	18	ojk	ojk	NOUN
easat-9654	252	19	may	may	AUX
easat-9654	252	20	face	face	VERB
easat-9654	252	21	validity	validity	NOUN
easat-9654	252	22	disputes	dispute	NOUN
easat-9654	252	23	in	in	ADP
easat-9654	252	24	certain	certain	ADJ
easat-9654	252	25	provinces	province	NOUN
easat-9654	252	26	,	,	PUNCT
easat-9654	252	27	thereby	thereby	ADV
easat-9654	252	28	forcing	force	VERB
easat-9654	252	29	market	market	NOUN
easat-9654	252	30	participants	participant	NOUN
easat-9654	252	31	to	to	PART
easat-9654	252	32	go	go	VERB
easat-9654	252	33	through	through	ADP
easat-9654	252	34	redundant	redundant	ADJ
easat-9654	252	35	compliance	compliance	NOUN
easat-9654	252	36	declaration	declaration	NOUN
easat-9654	252	37	procedures	procedure	NOUN
easat-9654	252	38	.	.	PUNCT
easat-9654	253	1	additionally	additionally	ADV
easat-9654	253	2	,	,	PUNCT
easat-9654	253	3	the	the	DET
easat-9654	253	4	regulatory	regulatory	ADJ
easat-9654	253	5	sandbox	sandbox	NOUN
easat-9654	253	6	was	be	AUX
easat-9654	253	7	originally	originally	ADV
easat-9654	253	8	designed	design	VERB
easat-9654	253	9	to	to	PART
easat-9654	253	10	reduce	reduce	VERB
easat-9654	253	11	the	the	DET
easat-9654	253	12	costs	cost	NOUN
easat-9654	253	13	associated	associate	VERB
easat-9654	253	14	with	with	ADP
easat-9654	253	15	innovative	innovative	ADJ
easat-9654	253	16	compliance	compliance	NOUN
easat-9654	253	17	.	.	PUNCT
easat-9654	254	1	however	however	ADV
easat-9654	254	2	,	,	PUNCT
easat-9654	254	3	the	the	DET
easat-9654	254	4	scarcity	scarcity	NOUN
easat-9654	254	5	of	of	ADP
easat-9654	254	6	local	local	ADJ
easat-9654	254	7	technical	technical	ADJ
easat-9654	254	8	resources	resource	NOUN
easat-9654	254	9	,	,	PUNCT
easat-9654	254	10	coupled	couple	VERB
easat-9654	254	11	with	with	ADP
easat-9654	254	12	insufficient	insufficient	ADJ
easat-9654	254	13	regulatory	regulatory	ADJ
easat-9654	254	14	coordination	coordination	NOUN
easat-9654	254	15	and	and	CCONJ
easat-9654	254	16	communication	communication	NOUN
easat-9654	254	17	mechanisms	mechanism	NOUN
easat-9654	254	18	,	,	PUNCT
easat-9654	254	19	hinders	hinder	VERB
easat-9654	254	20	the	the	DET
easat-9654	254	21	effective	effective	ADJ
easat-9654	254	22	participation	participation	NOUN
easat-9654	254	23	of	of	ADP
easat-9654	254	24	enterprises	enterprise	NOUN
easat-9654	254	25	in	in	ADP
easat-9654	254	26	remote	remote	ADJ
easat-9654	254	27	areas	area	NOUN
easat-9654	254	28	or	or	CCONJ
easat-9654	254	29	with	with	ADP
easat-9654	254	30	limited	limited	ADJ
easat-9654	254	31	technological	technological	ADJ
easat-9654	254	32	capabilities	capability	NOUN
easat-9654	254	33	,	,	PUNCT
easat-9654	254	34	thereby	thereby	ADV
easat-9654	254	35	exacerbating	exacerbate	VERB
easat-9654	254	36	the	the	DET
easat-9654	254	37	innovation	innovation	NOUN
easat-9654	254	38	gap	gap	NOUN
easat-9654	254	39	[	[	X
easat-9654	254	40	42	42	NUM
easat-9654	254	41	]	]	PUNCT
easat-9654	254	42	.	.	PUNCT
easat-9654	255	1	secondly	secondly	ADV
easat-9654	255	2	,	,	PUNCT
easat-9654	255	3	horizontal	horizontal	ADJ
easat-9654	255	4	regulatory	regulatory	ADJ
easat-9654	255	5	competition	competition	NOUN
easat-9654	255	6	has	have	AUX
easat-9654	255	7	led	lead	VERB
easat-9654	255	8	to	to	ADP
easat-9654	255	9	fragmentation	fragmentation	NOUN
easat-9654	255	10	of	of	ADP
easat-9654	255	11	regional	regional	ADJ
easat-9654	255	12	markets	market	NOUN
easat-9654	255	13	.	.	PUNCT
easat-9654	256	1	local	local	ADJ
easat-9654	256	2	governments	government	NOUN
easat-9654	256	3	'	'	PART
easat-9654	256	4	reliance	reliance	NOUN
easat-9654	256	5	on	on	ADP
easat-9654	256	6	business	business	NOUN
easat-9654	256	7	tax	tax	NOUN
easat-9654	256	8	revenue	revenue	NOUN
easat-9654	256	9	compels	compel	VERB
easat-9654	256	10	them	they	PRON
easat-9654	256	11	to	to	PART
easat-9654	256	12	establish	establish	VERB
easat-9654	256	13	covert	covert	ADJ
easat-9654	256	14	trade	trade	NOUN
easat-9654	256	15	barriers	barrier	NOUN
easat-9654	256	16	through	through	ADP
easat-9654	256	17	administrative	administrative	ADJ
easat-9654	256	18	actions	action	NOUN
easat-9654	256	19	and	and	CCONJ
easat-9654	256	20	judicial	judicial	ADJ
easat-9654	256	21	discretion	discretion	NOUN
easat-9654	256	22	.	.	PUNCT
easat-9654	257	1	pursuant	pursuant	ADJ
easat-9654	257	2	to	to	ADP
easat-9654	257	3	indonesia	indonesia	PROPN
easat-9654	257	4	's	's	PART
easat-9654	257	5	law	law	NOUN
easat-9654	257	6	on	on	ADP
easat-9654	257	7	regional	regional	ADJ
easat-9654	257	8	autonomy	autonomy	NOUN
easat-9654	257	9	and	and	CCONJ
easat-9654	257	10	law	law	NOUN
easat-9654	257	11	no	no	INTJ
easat-9654	257	12	.	.	NOUN
easat-9654	257	13	1	1	NUM
easat-9654	257	14	of	of	ADP
easat-9654	257	15	2022	2022	NUM
easat-9654	257	16	,	,	PUNCT
easat-9654	257	17	local	local	ADJ
easat-9654	257	18	governments	government	NOUN
easat-9654	257	19	possess	possess	VERB
easat-9654	257	20	legislative	legislative	ADJ
easat-9654	257	21	authority	authority	NOUN
easat-9654	257	22	to	to	PART
easat-9654	257	23	impose	impose	VERB
easat-9654	257	24	surtaxes	surtax	NOUN
easat-9654	257	25	in	in	ADP
easat-9654	257	26	addition	addition	NOUN
easat-9654	257	27	to	to	ADP
easat-9654	257	28	standard	standard	ADJ
easat-9654	257	29	central	central	ADJ
easat-9654	257	30	tax	tax	NOUN
easat-9654	257	31	rates	rate	NOUN
easat-9654	257	32	[	[	X
easat-9654	257	33	57	57	NUM
easat-9654	257	34	]	]	PUNCT
easat-9654	257	35	.	.	PUNCT
easat-9654	258	1	for	for	ADP
easat-9654	258	2	instance	instance	NOUN
easat-9654	258	3	,	,	PUNCT
easat-9654	258	4	west	west	PROPN
easat-9654	258	5	java	java	PROPN
easat-9654	258	6	province	province	PROPN
easat-9654	258	7	,	,	PUNCT
easat-9654	258	8	as	as	ADP
easat-9654	258	9	an	an	DET
easat-9654	258	10	important	important	ADJ
easat-9654	258	11	economic	economic	ADJ
easat-9654	258	12	province	province	NOUN
easat-9654	258	13	in	in	ADP
easat-9654	258	14	indonesia	indonesia	PROPN
easat-9654	258	15	,	,	PUNCT
easat-9654	258	16	has	have	VERB
easat-9654	258	17	certain	certain	ADJ
easat-9654	258	18	autonomy	autonomy	NOUN
easat-9654	258	19	to	to	PART
easat-9654	258	20	modify	modify	VERB
easat-9654	258	21	local	local	ADJ
easat-9654	258	22	tax	tax	NOUN
easat-9654	258	23	types	type	NOUN
easat-9654	258	24	through	through	ADP
easat-9654	258	25	provincial	provincial	ADJ
easat-9654	258	26	regulations	regulation	NOUN
easat-9654	258	27	(	(	PUNCT
easat-9654	258	28	perda	perda	PROPN
easat-9654	258	29	)	)	PUNCT
easat-9654	258	30	.	.	PUNCT
easat-9654	259	1	such	such	ADJ
easat-9654	259	2	differences	difference	NOUN
easat-9654	259	3	in	in	ADP
easat-9654	259	4	local	local	ADJ
easat-9654	259	5	legislative	legislative	ADJ
easat-9654	259	6	powers	power	NOUN
easat-9654	259	7	may	may	AUX
easat-9654	259	8	increase	increase	VERB
easat-9654	259	9	the	the	DET
easat-9654	259	10	compliance	compliance	NOUN
easat-9654	259	11	burden	burden	NOUN
easat-9654	259	12	on	on	ADP
easat-9654	259	13	foreign	foreign	ADJ
easat-9654	259	14	-	-	PUNCT
easat-9654	259	15	funded	fund	VERB
easat-9654	259	16	enterprises	enterprise	NOUN
easat-9654	259	17	and	and	CCONJ
easat-9654	259	18	even	even	ADV
easat-9654	259	19	affect	affect	VERB
easat-9654	259	20	their	their	PRON
easat-9654	259	21	investment	investment	NOUN
easat-9654	259	22	preferences	preference	NOUN
easat-9654	259	23	.	.	PUNCT
easat-9654	260	1	finally	finally	ADV
easat-9654	260	2	,	,	PUNCT
easat-9654	260	3	the	the	DET
easat-9654	260	4	insufficient	insufficient	ADJ
easat-9654	260	5	regulatory	regulatory	ADJ
easat-9654	260	6	capacity	capacity	NOUN
easat-9654	260	7	of	of	ADP
easat-9654	260	8	local	local	ADJ
easat-9654	260	9	governments	government	NOUN
easat-9654	260	10	amplifies	amplify	VERB
easat-9654	260	11	the	the	DET
easat-9654	260	12	arbitrariness	arbitrariness	NOUN
easat-9654	260	13	of	of	ADP
easat-9654	260	14	law	law	NOUN
easat-9654	260	15	enforcement	enforcement	NOUN
easat-9654	260	16	.	.	PUNCT
easat-9654	261	1	local	local	ADJ
easat-9654	261	2	finances	finance	NOUN
easat-9654	261	3	rely	rely	VERB
easat-9654	261	4	heavily	heavily	ADV
easat-9654	261	5	on	on	ADP
easat-9654	261	6	central	central	ADJ
easat-9654	261	7	transfer	transfer	NOUN
easat-9654	261	8	payments	payment	NOUN
easat-9654	261	9	,	,	PUNCT
easat-9654	261	10	resulting	result	VERB
easat-9654	261	11	in	in	ADP
easat-9654	261	12	a	a	DET
easat-9654	261	13	serious	serious	ADJ
easat-9654	261	14	lack	lack	NOUN
easat-9654	261	15	of	of	ADP
easat-9654	261	16	investment	investment	NOUN
easat-9654	261	17	in	in	ADP
easat-9654	261	18	supervision	supervision	NOUN
easat-9654	261	19	[	[	X
easat-9654	261	20	58	58	NUM
easat-9654	261	21	]	]	PUNCT
easat-9654	261	22	.	.	PUNCT
easat-9654	262	1	for	for	ADP
easat-9654	262	2	instance	instance	NOUN
easat-9654	262	3	,	,	PUNCT
easat-9654	262	4	the	the	DET
easat-9654	262	5	shortage	shortage	NOUN
easat-9654	262	6	of	of	ADP
easat-9654	262	7	qualified	qualified	ADJ
easat-9654	262	8	professionals	professional	NOUN
easat-9654	262	9	and	and	CCONJ
easat-9654	262	10	technical	technical	ADJ
easat-9654	262	11	funds	fund	NOUN
easat-9654	262	12	is	be	AUX
easat-9654	262	13	likely	likely	ADJ
easat-9654	262	14	to	to	PART
easat-9654	262	15	cause	cause	VERB
easat-9654	262	16	delays	delay	NOUN
easat-9654	262	17	in	in	ADP
easat-9654	262	18	environmental	environmental	ADJ
easat-9654	262	19	impact	impact	NOUN
easat-9654	262	20	assessments	assessment	NOUN
easat-9654	262	21	and	and	CCONJ
easat-9654	262	22	other	other	ADJ
easat-9654	262	23	approvals	approval	NOUN
easat-9654	262	24	.	.	PUNCT
easat-9654	263	1	moreover	moreover	ADV
easat-9654	263	2	,	,	PUNCT
easat-9654	263	3	indonesia	indonesia	PROPN
easat-9654	263	4	's	's	PART
easat-9654	263	5	own	own	ADJ
easat-9654	263	6	technological	technological	ADJ
easat-9654	263	7	deficiencies	deficiency	NOUN
easat-9654	263	8	in	in	ADP
easat-9654	263	9	fintech	fintech	NOUN
easat-9654	263	10	further	far	ADV
easat-9654	263	11	undermine	undermine	VERB
easat-9654	263	12	the	the	DET
easat-9654	263	13	effectiveness	effectiveness	NOUN
easat-9654	263	14	of	of	ADP
easat-9654	263	15	regulation	regulation	NOUN
easat-9654	263	16	.	.	PUNCT
easat-9654	264	1	local	local	ADJ
easat-9654	264	2	governments	government	NOUN
easat-9654	264	3	lack	lack	VERB
easat-9654	264	4	real	real	ADJ
easat-9654	264	5	-	-	PUNCT
easat-9654	264	6	time	time	NOUN
easat-9654	264	7	monitoring	monitoring	NOUN
easat-9654	264	8	tools	tool	NOUN
easat-9654	264	9	and	and	CCONJ
easat-9654	264	10	are	be	AUX
easat-9654	264	11	unable	unable	ADJ
easat-9654	264	12	to	to	PART
easat-9654	264	13	track	track	VERB
easat-9654	264	14	the	the	DET
easat-9654	264	15	actual	actual	ADJ
easat-9654	264	16	operational	operational	ADJ
easat-9654	264	17	data	datum	NOUN
easat-9654	264	18	of	of	ADP
easat-9654	264	19	p2p	p2p	NOUN
easat-9654	264	20	platforms	platform	NOUN
easat-9654	264	21	.	.	PUNCT
easat-9654	265	1	3.2.2	3.2.2	X
easat-9654	265	2	.	.	PUNCT
easat-9654	265	3	data	datum	NOUN
easat-9654	265	4	security	security	NOUN
easat-9654	265	5	,	,	PUNCT
easat-9654	265	6	credit	credit	NOUN
easat-9654	265	7	information	information	NOUN
easat-9654	265	8	system	system	NOUN
easat-9654	265	9	and	and	CCONJ
easat-9654	265	10	privacy	privacy	NOUN
easat-9654	265	11	protection	protection	NOUN
easat-9654	265	12	obstacles	obstacle	VERB
easat-9654	265	13	chinese	chinese	ADJ
easat-9654	265	14	fintech	fintech	NOUN
easat-9654	265	15	enterprises	enterprise	NOUN
easat-9654	265	16	operating	operate	VERB
easat-9654	265	17	in	in	ADP
easat-9654	265	18	the	the	DET
easat-9654	265	19	indonesian	indonesian	ADJ
easat-9654	265	20	market	market	NOUN
easat-9654	265	21	face	face	VERB
easat-9654	265	22	challenges	challenge	NOUN
easat-9654	265	23	in	in	ADP
easat-9654	265	24	data	datum	NOUN
easat-9654	265	25	security	security	NOUN
easat-9654	265	26	and	and	CCONJ
easat-9654	265	27	privacy	privacy	NOUN
easat-9654	265	28	protection	protection	NOUN
easat-9654	265	29	,	,	PUNCT
easat-9654	265	30	primarily	primarily	ADV
easat-9654	265	31	attributable	attributable	ADJ
easat-9654	265	32	to	to	ADP
easat-9654	265	33	three	three	NUM
easat-9654	265	34	overlapping	overlap	VERB
easat-9654	265	35	issues	issue	NOUN
easat-9654	265	36	:	:	PUNCT
easat-9654	265	37	stringent	stringent	ADJ
easat-9654	265	38	legal	legal	ADJ
easat-9654	265	39	restrictions	restriction	NOUN
easat-9654	265	40	,	,	PUNCT
easat-9654	265	41	inadequacies	inadequacy	NOUN
easat-9654	265	42	in	in	ADP
easat-9654	265	43	the	the	DET
easat-9654	265	44	local	local	ADJ
easat-9654	265	45	data	data	NOUN
easat-9654	265	46	ecosystem	ecosystem	NOUN
easat-9654	265	47	,	,	PUNCT
easat-9654	265	48	and	and	CCONJ
easat-9654	265	49	cultural	cultural	ADJ
easat-9654	265	50	-	-	PUNCT
easat-9654	265	51	religious	religious	ADJ
easat-9654	265	52	conflicts	conflict	NOUN
easat-9654	265	53	.	.	PUNCT
easat-9654	266	1	indonesia	indonesia	PROPN
easat-9654	266	2	's	's	PART
easat-9654	266	3	personal	personal	ADJ
easat-9654	266	4	data	data	PROPN
easat-9654	266	5	protection	protection	NOUN
easat-9654	266	6	law	law	NOUN
easat-9654	266	7	enacted	enact	VERB
easat-9654	266	8	in	in	ADP
easat-9654	266	9	2022	2022	NUM
easat-9654	266	10	,	,	PUNCT
easat-9654	266	11	establishes	establish	VERB
easat-9654	266	12	exceptionally	exceptionally	ADV
easat-9654	266	13	rigorous	rigorous	ADJ
easat-9654	266	14	compliance	compliance	NOUN
easat-9654	266	15	standards	standard	NOUN
easat-9654	266	16	within	within	ADP
easat-9654	266	17	the	the	DET
easat-9654	266	18	asia	asia	PROPN
easat-9654	266	19	-	-	PUNCT
easat-9654	266	20	pacific	pacific	PROPN
easat-9654	266	21	region	region	NOUN
easat-9654	266	22	.	.	PUNCT
easat-9654	267	1	article	article	NOUN
easat-9654	267	2	2	2	NUM
easat-9654	267	3	of	of	ADP
easat-9654	267	4	this	this	DET
easat-9654	267	5	legislation	legislation	NOUN
easat-9654	267	6	explicitly	explicitly	ADV
easat-9654	267	7	confers	confer	VERB
easat-9654	267	8	extraterritorial	extraterritorial	ADJ
easat-9654	267	9	applicability	applicability	NOUN
easat-9654	267	10	,	,	PUNCT
easat-9654	267	11	mandating	mandate	VERB
easat-9654	267	12	compliance	compliance	NOUN
easat-9654	267	13	obligations	obligation	NOUN
easat-9654	267	14	for	for	ADP
easat-9654	267	15	any	any	DET
easat-9654	267	16	entity	entity	NOUN
easat-9654	267	17	or	or	CCONJ
easat-9654	267	18	individual	individual	ADJ
easat-9654	267	19	processing	process	VERB
easat-9654	267	20	the	the	DET
easat-9654	267	21	personal	personal	ADJ
easat-9654	267	22	data	datum	NOUN
easat-9654	267	23	of	of	ADP
easat-9654	267	24	1568	1568	NUM
easat-9654	267	25	edelweiss	edelweiss	PROPN
easat-9654	267	26	applied	apply	VERB
easat-9654	267	27	science	science	NOUN
easat-9654	267	28	and	and	CCONJ
easat-9654	267	29	technology	technology	NOUN
easat-9654	267	30	issn	issn	PROPN
easat-9654	267	31	:	:	PUNCT
easat-9654	267	32	2576	2576	NUM
easat-9654	267	33	-	-	SYM
easat-9654	267	34	8484	8484	NUM
easat-9654	267	35	vol	vol	NOUN
easat-9654	267	36	.	.	PROPN
easat-9654	268	1	9	9	NUM
easat-9654	268	2	,	,	PUNCT
easat-9654	268	3	no	no	INTJ
easat-9654	268	4	.	.	NOUN
easat-9654	268	5	8	8	NUM
easat-9654	268	6	:	:	SYM
easat-9654	268	7	1558	1558	NUM
easat-9654	268	8	-	-	SYM
easat-9654	268	9	1579	1579	NUM
easat-9654	268	10	,	,	PUNCT
easat-9654	268	11	2025	2025	NUM
easat-9654	268	12	doi	doi	NOUN
easat-9654	268	13	:	:	PUNCT
easat-9654	268	14	10.55214/2576	10.55214/2576	NUM
easat-9654	268	15	-	-	PUNCT
easat-9654	268	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	268	17	©	©	PROPN
easat-9654	268	18	2025	2025	NUM
easat-9654	268	19	by	by	ADP
easat-9654	268	20	the	the	DET
easat-9654	268	21	authors	author	NOUN
easat-9654	268	22	;	;	PUNCT
easat-9654	268	23	licensee	licensee	PROPN
easat-9654	268	24	learning	learning	NOUN
easat-9654	268	25	gate	gate	PROPN
easat-9654	268	26	indonesian	indonesian	PROPN
easat-9654	268	27	nationals	national	NOUN
easat-9654	268	28	,	,	PUNCT
easat-9654	268	29	irrespective	irrespective	ADV
easat-9654	268	30	of	of	ADP
easat-9654	268	31	their	their	PRON
easat-9654	268	32	registration	registration	NOUN
easat-9654	268	33	status	status	NOUN
easat-9654	268	34	within	within	ADP
easat-9654	268	35	indonesia	indonesia	PROPN
easat-9654	268	36	[	[	X
easat-9654	268	37	15	15	NUM
easat-9654	268	38	]	]	PUNCT
easat-9654	268	39	.	.	PUNCT
easat-9654	269	1	this	this	DET
easat-9654	269	2	rule	rule	NOUN
easat-9654	269	3	legally	legally	ADV
easat-9654	269	4	ensures	ensure	VERB
easat-9654	269	5	the	the	DET
easat-9654	269	6	traceability	traceability	NOUN
easat-9654	269	7	and	and	CCONJ
easat-9654	269	8	consistency	consistency	NOUN
easat-9654	269	9	of	of	ADP
easat-9654	269	10	cross	cross	ADJ
easat-9654	269	11	-	-	ADJ
easat-9654	269	12	border	border	ADJ
easat-9654	269	13	data	datum	NOUN
easat-9654	269	14	operations	operation	NOUN
easat-9654	269	15	,	,	PUNCT
easat-9654	269	16	successfully	successfully	ADV
easat-9654	269	17	reducing	reduce	VERB
easat-9654	269	18	the	the	DET
easat-9654	269	19	ambiguity	ambiguity	NOUN
easat-9654	269	20	of	of	ADP
easat-9654	269	21	"	"	PUNCT
easat-9654	269	22	compliance	compliance	NOUN
easat-9654	269	23	arbitrage	arbitrage	NOUN
easat-9654	269	24	"	"	PUNCT
easat-9654	269	25	.	.	PUNCT
easat-9654	270	1	the	the	DET
easat-9654	270	2	pdp	pdp	PROPN
easat-9654	270	3	law	law	NOUN
easat-9654	270	4	also	also	ADV
easat-9654	270	5	stipulates	stipulate	VERB
easat-9654	270	6	severe	severe	ADJ
easat-9654	270	7	penalties	penalty	NOUN
easat-9654	270	8	.	.	PUNCT
easat-9654	271	1	under	under	ADP
easat-9654	271	2	this	this	DET
easat-9654	271	3	framework	framework	NOUN
easat-9654	271	4	,	,	PUNCT
easat-9654	271	5	enterprises	enterprise	NOUN
easat-9654	271	6	that	that	PRON
easat-9654	271	7	violate	violate	VERB
easat-9654	271	8	the	the	DET
easat-9654	271	9	law	law	NOUN
easat-9654	271	10	may	may	AUX
easat-9654	271	11	be	be	AUX
easat-9654	271	12	subject	subject	ADJ
easat-9654	271	13	to	to	ADP
easat-9654	271	14	an	an	DET
easat-9654	271	15	administrative	administrative	ADJ
easat-9654	271	16	fine	fine	NOUN
easat-9654	271	17	of	of	ADP
easat-9654	271	18	up	up	ADP
easat-9654	271	19	to	to	PART
easat-9654	271	20	2	2	NUM
easat-9654	271	21	%	%	NOUN
easat-9654	271	22	of	of	ADP
easat-9654	271	23	their	their	PRON
easat-9654	271	24	annual	annual	ADJ
easat-9654	271	25	total	total	ADJ
easat-9654	271	26	revenue	revenue	NOUN
easat-9654	271	27	,	,	PUNCT
easat-9654	271	28	or	or	CCONJ
easat-9654	271	29	a	a	DET
easat-9654	271	30	maximum	maximum	ADJ
easat-9654	271	31	fine	fine	NOUN
easat-9654	271	32	of	of	ADP
easat-9654	271	33	600	600	NUM
easat-9654	271	34	billion	billion	NUM
easat-9654	271	35	indonesian	indonesian	ADJ
easat-9654	271	36	rupiah	rupiah	NOUN
easat-9654	271	37	(	(	PUNCT
easat-9654	271	38	approximately	approximately	ADV
easat-9654	271	39	28	28	NUM
easat-9654	271	40	million	million	NUM
easat-9654	271	41	yuan	yuan	NOUN
easat-9654	271	42	)	)	PUNCT
easat-9654	271	43	;	;	PUNCT
easat-9654	271	44	for	for	ADP
easat-9654	271	45	individual	individual	ADJ
easat-9654	271	46	offenders	offender	NOUN
easat-9654	271	47	,	,	PUNCT
easat-9654	271	48	they	they	PRON
easat-9654	271	49	may	may	AUX
easat-9654	271	50	be	be	AUX
easat-9654	271	51	sentenced	sentence	VERB
easat-9654	271	52	to	to	ADP
easat-9654	271	53	up	up	ADP
easat-9654	271	54	to	to	PART
easat-9654	271	55	five	five	NUM
easat-9654	271	56	years	year	NOUN
easat-9654	271	57	in	in	ADP
easat-9654	271	58	prison	prison	NOUN
easat-9654	271	59	and	and	CCONJ
easat-9654	271	60	fined	fine	VERB
easat-9654	271	61	billions	billion	NOUN
easat-9654	271	62	of	of	ADP
easat-9654	271	63	indonesian	indonesian	ADJ
easat-9654	271	64	rupiah	rupiah	PROPN
easat-9654	272	1	[	[	X
easat-9654	272	2	15	15	NUM
easat-9654	272	3	]	]	PUNCT
easat-9654	272	4	.	.	PUNCT
easat-9654	273	1	in	in	ADP
easat-9654	273	2	addition	addition	NOUN
easat-9654	273	3	,	,	PUNCT
easat-9654	273	4	this	this	DET
easat-9654	273	5	legislation	legislation	NOUN
easat-9654	273	6	requires	require	VERB
easat-9654	273	7	enterprises	enterprise	NOUN
easat-9654	273	8	to	to	PART
easat-9654	273	9	comply	comply	VERB
easat-9654	273	10	with	with	ADP
easat-9654	273	11	six	six	NUM
easat-9654	273	12	types	type	NOUN
easat-9654	273	13	of	of	ADP
easat-9654	273	14	legal	legal	ADJ
easat-9654	273	15	standards	standard	NOUN
easat-9654	273	16	(	(	PUNCT
easat-9654	273	17	including	include	VERB
easat-9654	273	18	explicit	explicit	ADJ
easat-9654	273	19	user	user	NOUN
easat-9654	273	20	consent	consent	NOUN
easat-9654	273	21	)	)	PUNCT
easat-9654	273	22	and	and	CCONJ
easat-9654	273	23	safeguard	safeguard	VERB
easat-9654	273	24	11	11	NUM
easat-9654	273	25	rights	right	NOUN
easat-9654	273	26	of	of	ADP
easat-9654	273	27	data	datum	NOUN
easat-9654	273	28	subjects	subject	NOUN
easat-9654	273	29	(	(	PUNCT
easat-9654	273	30	such	such	ADJ
easat-9654	273	31	as	as	ADP
easat-9654	273	32	the	the	DET
easat-9654	273	33	right	right	NOUN
easat-9654	273	34	to	to	PART
easat-9654	273	35	be	be	AUX
easat-9654	273	36	forgotten	forget	VERB
easat-9654	273	37	and	and	CCONJ
easat-9654	273	38	the	the	DET
easat-9654	273	39	right	right	NOUN
easat-9654	273	40	to	to	PART
easat-9654	273	41	object	object	VERB
easat-9654	273	42	to	to	ADP
easat-9654	273	43	automated	automate	VERB
easat-9654	273	44	decision	decision	NOUN
easat-9654	273	45	-	-	PUNCT
easat-9654	273	46	making	making	NOUN
easat-9654	273	47	)	)	PUNCT
easat-9654	273	48	,	,	PUNCT
easat-9654	273	49	and	and	CCONJ
easat-9654	273	50	its	its	PRON
easat-9654	273	51	response	response	NOUN
easat-9654	273	52	time	time	NOUN
easat-9654	273	53	frame	frame	NOUN
easat-9654	273	54	is	be	AUX
easat-9654	273	55	stricter	strict	ADJ
easat-9654	273	56	than	than	ADP
easat-9654	273	57	that	that	PRON
easat-9654	273	58	of	of	ADP
easat-9654	273	59	the	the	DET
easat-9654	273	60	gdpr	gdpr	NOUN
easat-9654	274	1	[	[	X
easat-9654	274	2	15	15	NUM
easat-9654	274	3	]	]	PUNCT
easat-9654	274	4	.	.	PUNCT
easat-9654	275	1	moreover	moreover	ADV
easat-9654	275	2	,	,	PUNCT
easat-9654	275	3	indonesia	indonesia	PROPN
easat-9654	275	4	has	have	VERB
easat-9654	275	5	yet	yet	ADV
easat-9654	275	6	to	to	PART
easat-9654	275	7	establish	establish	VERB
easat-9654	275	8	a	a	DET
easat-9654	275	9	cohesive	cohesive	ADJ
easat-9654	275	10	national	national	ADJ
easat-9654	275	11	credit	credit	NOUN
easat-9654	275	12	information	information	NOUN
easat-9654	275	13	exchange	exchange	NOUN
easat-9654	275	14	framework	framework	NOUN
easat-9654	275	15	,	,	PUNCT
easat-9654	275	16	which	which	PRON
easat-9654	275	17	may	may	AUX
easat-9654	275	18	lead	lead	VERB
easat-9654	275	19	to	to	ADP
easat-9654	275	20	a	a	DET
easat-9654	275	21	paradox	paradox	NOUN
easat-9654	275	22	of	of	ADP
easat-9654	275	23	"	"	PUNCT
easat-9654	275	24	data	datum	NOUN
easat-9654	275	25	hunger	hunger	NOUN
easat-9654	275	26	"	"	PUNCT
easat-9654	275	27	for	for	ADP
easat-9654	275	28	chinese	chinese	ADJ
easat-9654	275	29	fintech	fintech	NOUN
easat-9654	275	30	institutions	institution	NOUN
easat-9654	275	31	throughout	throughout	ADP
easat-9654	275	32	the	the	DET
easat-9654	275	33	customer	customer	NOUN
easat-9654	275	34	due	due	ADJ
easat-9654	275	35	diligence	diligence	NOUN
easat-9654	275	36	process	process	NOUN
easat-9654	275	37	.	.	PUNCT
easat-9654	276	1	to	to	PART
easat-9654	276	2	make	make	VERB
easat-9654	276	3	up	up	ADP
easat-9654	276	4	for	for	ADP
easat-9654	276	5	the	the	DET
easat-9654	276	6	insufficiency	insufficiency	NOUN
easat-9654	276	7	of	of	ADP
easat-9654	276	8	public	public	ADJ
easat-9654	276	9	data	datum	NOUN
easat-9654	276	10	,	,	PUNCT
easat-9654	276	11	enterprises	enterprise	NOUN
easat-9654	276	12	may	may	AUX
easat-9654	276	13	be	be	AUX
easat-9654	276	14	forced	force	VERB
easat-9654	276	15	to	to	ADP
easat-9654	276	16	over	over	ADV
easat-9654	276	17	-	-	PUNCT
easat-9654	276	18	collect	collect	VERB
easat-9654	276	19	sensitive	sensitive	ADJ
easat-9654	276	20	personal	personal	ADJ
easat-9654	276	21	information	information	NOUN
easat-9654	276	22	,	,	PUNCT
easat-9654	276	23	including	include	VERB
easat-9654	276	24	biometric	biometric	ADJ
easat-9654	276	25	data	datum	NOUN
easat-9654	276	26	(	(	PUNCT
easat-9654	276	27	such	such	ADJ
easat-9654	276	28	as	as	ADP
easat-9654	276	29	fingerprints	fingerprint	NOUN
easat-9654	276	30	and	and	CCONJ
easat-9654	276	31	facial	facial	ADJ
easat-9654	276	32	recognition	recognition	NOUN
easat-9654	276	33	)	)	PUNCT
easat-9654	276	34	and	and	CCONJ
easat-9654	276	35	financial	financial	ADJ
easat-9654	276	36	trajectory	trajectory	NOUN
easat-9654	276	37	data	datum	NOUN
easat-9654	276	38	.	.	PUNCT
easat-9654	277	1	additionally	additionally	ADV
easat-9654	277	2	,	,	PUNCT
easat-9654	277	3	locals	local	NOUN
easat-9654	277	4	often	often	ADV
easat-9654	277	5	use	use	VERB
easat-9654	277	6	a	a	DET
easat-9654	277	7	compound	compound	NOUN
easat-9654	277	8	naming	name	VERB
easat-9654	277	9	structure	structure	NOUN
easat-9654	277	10	of	of	ADP
easat-9654	277	11	"	"	PUNCT
easat-9654	277	12	first	first	ADJ
easat-9654	277	13	name	name	NOUN
easat-9654	277	14	+	+	CCONJ
easat-9654	277	15	father	father	NOUN
easat-9654	277	16	's	's	PART
easat-9654	277	17	name	name	NOUN
easat-9654	277	18	+	+	NUM
easat-9654	277	19	surname	surname	NOUN
easat-9654	278	1	[	[	X
easat-9654	278	2	59	59	NUM
easat-9654	278	3	]	]	PUNCT
easat-9654	278	4	.	.	PUNCT
easat-9654	279	1	due	due	ADP
easat-9654	279	2	to	to	ADP
easat-9654	279	3	the	the	DET
easat-9654	279	4	inability	inability	NOUN
easat-9654	279	5	of	of	ADP
easat-9654	279	6	chinese	chinese	ADJ
easat-9654	279	7	enterprise	enterprise	NOUN
easat-9654	279	8	risk	risk	NOUN
easat-9654	279	9	management	management	NOUN
easat-9654	279	10	systems	system	NOUN
easat-9654	279	11	to	to	PART
easat-9654	279	12	effectively	effectively	ADV
easat-9654	279	13	interpret	interpret	VERB
easat-9654	279	14	the	the	DET
easat-9654	279	15	abbreviation	abbreviation	NOUN
easat-9654	279	16	requirements	requirement	NOUN
easat-9654	279	17	of	of	ADP
easat-9654	279	18	lengthy	lengthy	ADJ
easat-9654	279	19	names	name	NOUN
easat-9654	279	20	,	,	PUNCT
easat-9654	279	21	it	it	PRON
easat-9654	279	22	may	may	AUX
easat-9654	279	23	easily	easily	ADV
easat-9654	279	24	lead	lead	VERB
easat-9654	279	25	to	to	ADP
easat-9654	279	26	a	a	DET
easat-9654	279	27	manual	manual	ADJ
easat-9654	279	28	review	review	NOUN
easat-9654	279	29	rate	rate	NOUN
easat-9654	279	30	higher	high	ADJ
easat-9654	279	31	than	than	ADP
easat-9654	279	32	the	the	DET
easat-9654	279	33	industry	industry	NOUN
easat-9654	279	34	standard	standard	NOUN
easat-9654	279	35	,	,	PUNCT
easat-9654	279	36	thereby	thereby	ADV
easat-9654	279	37	increasing	increase	VERB
easat-9654	279	38	the	the	DET
easat-9654	279	39	risk	risk	NOUN
easat-9654	279	40	of	of	ADP
easat-9654	279	41	personal	personal	ADJ
easat-9654	279	42	information	information	NOUN
easat-9654	279	43	exposure	exposure	NOUN
easat-9654	279	44	.	.	PUNCT
easat-9654	280	1	meanwhile	meanwhile	ADV
easat-9654	280	2	,	,	PUNCT
easat-9654	280	3	indonesia	indonesia	PROPN
easat-9654	280	4	's	's	PART
easat-9654	280	5	data	data	PROPN
easat-9654	280	6	protection	protection	NOUN
easat-9654	280	7	legal	legal	ADJ
easat-9654	280	8	framework	framework	NOUN
easat-9654	280	9	stipulates	stipulate	VERB
easat-9654	280	10	the	the	DET
easat-9654	280	11	"	"	PUNCT
easat-9654	280	12	equivalent	equivalent	ADJ
easat-9654	280	13	protection	protection	NOUN
easat-9654	280	14	principle	principle	NOUN
easat-9654	280	15	"	"	PUNCT
easat-9654	280	16	,	,	PUNCT
easat-9654	280	17	which	which	PRON
easat-9654	280	18	requires	require	VERB
easat-9654	280	19	that	that	SCONJ
easat-9654	280	20	the	the	DET
easat-9654	280	21	data	datum	NOUN
easat-9654	280	22	receiving	receive	VERB
easat-9654	280	23	country	country	NOUN
easat-9654	280	24	must	must	AUX
easat-9654	280	25	be	be	AUX
easat-9654	280	26	certified	certify	VERB
easat-9654	280	27	by	by	ADP
easat-9654	280	28	the	the	DET
easat-9654	280	29	ojk	ojk	NOUN
easat-9654	280	30	to	to	PART
easat-9654	280	31	achieve	achieve	VERB
easat-9654	280	32	an	an	DET
easat-9654	280	33	"	"	PUNCT
easat-9654	280	34	appropriate	appropriate	ADJ
easat-9654	280	35	level	level	NOUN
easat-9654	280	36	of	of	ADP
easat-9654	280	37	protection	protection	NOUN
easat-9654	280	38	[	[	X
easat-9654	280	39	60	60	NUM
easat-9654	280	40	]	]	PUNCT
easat-9654	280	41	.	.	PUNCT
easat-9654	281	1	secondly	secondly	ADV
easat-9654	281	2	,	,	PUNCT
easat-9654	281	3	it	it	PRON
easat-9654	281	4	implements	implement	VERB
easat-9654	281	5	the	the	DET
easat-9654	281	6	"	"	PUNCT
easat-9654	281	7	double	double	ADJ
easat-9654	281	8	consent	consent	NOUN
easat-9654	281	9	rule	rule	NOUN
easat-9654	281	10	"	"	PUNCT
easat-9654	281	11	,	,	PUNCT
easat-9654	281	12	meaning	mean	VERB
easat-9654	281	13	that	that	SCONJ
easat-9654	281	14	in	in	ADP
easat-9654	281	15	addition	addition	NOUN
easat-9654	281	16	to	to	ADP
easat-9654	281	17	the	the	DET
easat-9654	281	18	standard	standard	ADJ
easat-9654	281	19	user	user	NOUN
easat-9654	281	20	authorization	authorization	NOUN
easat-9654	281	21	,	,	PUNCT
easat-9654	281	22	fintech	fintech	NOUN
easat-9654	281	23	enterprises	enterprise	NOUN
easat-9654	281	24	must	must	AUX
easat-9654	281	25	obtain	obtain	VERB
easat-9654	281	26	specific	specific	ADJ
easat-9654	281	27	approval	approval	NOUN
easat-9654	281	28	.	.	PUNCT
easat-9654	282	1	this	this	DET
easat-9654	282	2	legal	legal	ADJ
easat-9654	282	3	framework	framework	NOUN
easat-9654	282	4	poses	pose	VERB
easat-9654	282	5	a	a	DET
easat-9654	282	6	dilemma	dilemma	NOUN
easat-9654	282	7	for	for	ADP
easat-9654	282	8	chinese	chinese	PROPN
easat-9654	282	9	-	-	PUNCT
easat-9654	282	10	funded	fund	VERB
easat-9654	282	11	institutions	institution	NOUN
easat-9654	282	12	:	:	PUNCT
easat-9654	282	13	they	they	PRON
easat-9654	282	14	either	either	CCONJ
easat-9654	282	15	have	have	VERB
easat-9654	282	16	to	to	PART
easat-9654	282	17	endure	endure	VERB
easat-9654	282	18	the	the	DET
easat-9654	282	19	risk	risk	NOUN
easat-9654	282	20	of	of	ADP
easat-9654	282	21	algorithm	algorithm	NOUN
easat-9654	282	22	model	model	NOUN
easat-9654	282	23	degradation	degradation	NOUN
easat-9654	282	24	due	due	ADP
easat-9654	282	25	to	to	ADP
easat-9654	282	26	data	data	NOUN
easat-9654	282	27	isolation	isolation	NOUN
easat-9654	282	28	or	or	CCONJ
easat-9654	282	29	bear	bear	VERB
easat-9654	282	30	the	the	DET
easat-9654	282	31	long	long	ADJ
easat-9654	282	32	-	-	PUNCT
easat-9654	282	33	term	term	NOUN
easat-9654	282	34	operational	operational	ADJ
easat-9654	282	35	costs	cost	NOUN
easat-9654	282	36	of	of	ADP
easat-9654	282	37	transmission	transmission	NOUN
easat-9654	282	38	licenses	license	NOUN
easat-9654	282	39	.	.	PUNCT
easat-9654	283	1	it	it	PRON
easat-9654	283	2	is	be	AUX
easat-9654	283	3	worth	worth	ADJ
easat-9654	283	4	noting	note	VERB
easat-9654	283	5	that	that	SCONJ
easat-9654	283	6	within	within	ADP
easat-9654	283	7	the	the	DET
easat-9654	283	8	dominant	dominant	ADJ
easat-9654	283	9	islamic	islamic	ADJ
easat-9654	283	10	financial	financial	ADJ
easat-9654	283	11	framework	framework	NOUN
easat-9654	283	12	in	in	ADP
easat-9654	283	13	indonesia	indonesia	PROPN
easat-9654	283	14	,	,	PUNCT
easat-9654	283	15	chinesefunded	chinesefunde	VERB
easat-9654	283	16	institutions	institution	NOUN
easat-9654	283	17	must	must	AUX
easat-9654	283	18	abide	abide	VERB
easat-9654	283	19	by	by	ADP
easat-9654	283	20	the	the	DET
easat-9654	283	21	redefinition	redefinition	NOUN
easat-9654	283	22	of	of	ADP
easat-9654	283	23	traditional	traditional	ADJ
easat-9654	283	24	interest	interest	NOUN
easat-9654	283	25	(	(	PUNCT
easat-9654	283	26	riba	riba	PROPN
easat-9654	283	27	)	)	PUNCT
easat-9654	284	1	[	[	X
easat-9654	284	2	61	61	NUM
easat-9654	284	3	]	]	PUNCT
easat-9654	284	4	.	.	PUNCT
easat-9654	285	1	indonesian	indonesian	ADJ
easat-9654	285	2	muslims	muslims	PROPN
easat-9654	285	3	generally	generally	ADV
easat-9654	285	4	recognize	recognize	VERB
easat-9654	285	5	the	the	DET
easat-9654	285	6	prohibition	prohibition	NOUN
easat-9654	285	7	of	of	ADP
easat-9654	285	8	riba	riba	PROPN
easat-9654	285	9	.	.	PUNCT
easat-9654	286	1	therefore	therefore	ADV
easat-9654	286	2	,	,	PUNCT
easat-9654	286	3	this	this	DET
easat-9654	286	4	change	change	NOUN
easat-9654	286	5	in	in	ADP
easat-9654	286	6	terminology	terminology	NOUN
easat-9654	286	7	has	have	AUX
easat-9654	286	8	produced	produce	VERB
easat-9654	286	9	a	a	DET
easat-9654	286	10	difference	difference	NOUN
easat-9654	286	11	in	in	ADP
easat-9654	286	12	the	the	DET
easat-9654	286	13	data	data	NOUN
easat-9654	286	14	display	display	NOUN
easat-9654	286	15	:	:	PUNCT
easat-9654	286	16	according	accord	VERB
easat-9654	286	17	to	to	ADP
easat-9654	286	18	ojk	ojk	NOUN
easat-9654	286	19	regulation	regulation	NOUN
easat-9654	286	20	no	no	INTJ
easat-9654	286	21	.	.	NOUN
easat-9654	287	1	77	77	NUM
easat-9654	287	2	/	/	SYM
easat-9654	287	3	pojk.5/2022	pojk.5/2022	NOUN
easat-9654	287	4	,	,	PUNCT
easat-9654	287	5	financial	financial	ADJ
easat-9654	287	6	institutions	institution	NOUN
easat-9654	287	7	are	be	AUX
easat-9654	287	8	required	require	VERB
easat-9654	287	9	to	to	PART
easat-9654	287	10	retain	retain	VERB
easat-9654	287	11	original	original	ADJ
easat-9654	287	12	documents	document	NOUN
easat-9654	287	13	related	relate	VERB
easat-9654	287	14	to	to	ADP
easat-9654	287	15	their	their	PRON
easat-9654	287	16	core	core	NOUN
easat-9654	287	17	business	business	NOUN
easat-9654	288	1	[	[	X
easat-9654	288	2	62	62	NUM
easat-9654	288	3	]	]	PUNCT
easat-9654	288	4	.	.	PUNCT
easat-9654	289	1	therefore	therefore	ADV
easat-9654	289	2	,	,	PUNCT
easat-9654	289	3	this	this	DET
easat-9654	289	4	data	data	NOUN
easat-9654	289	5	management	management	NOUN
easat-9654	289	6	strategy	strategy	NOUN
easat-9654	289	7	with	with	ADP
easat-9654	289	8	religious	religious	ADJ
easat-9654	289	9	and	and	CCONJ
easat-9654	289	10	cultural	cultural	ADJ
easat-9654	289	11	elements	element	NOUN
easat-9654	289	12	will	will	AUX
easat-9654	289	13	increase	increase	VERB
easat-9654	289	14	the	the	DET
easat-9654	289	15	difficulty	difficulty	NOUN
easat-9654	289	16	for	for	ADP
easat-9654	289	17	chinesefunded	chinesefunde	VERB
easat-9654	289	18	enterprises	enterprise	NOUN
easat-9654	289	19	in	in	ADP
easat-9654	289	20	cross	cross	ADJ
easat-9654	289	21	-	-	ADJ
easat-9654	289	22	border	border	ADJ
easat-9654	289	23	capital	capital	NOUN
easat-9654	289	24	flows	flow	NOUN
easat-9654	289	25	and	and	CCONJ
easat-9654	289	26	financial	financial	ADJ
easat-9654	289	27	compliance	compliance	NOUN
easat-9654	289	28	.	.	PUNCT
easat-9654	290	1	at	at	ADP
easat-9654	290	2	the	the	DET
easat-9654	290	3	same	same	ADJ
easat-9654	290	4	time	time	NOUN
easat-9654	290	5	,	,	PUNCT
easat-9654	290	6	without	without	ADP
easat-9654	290	7	adopting	adopt	VERB
easat-9654	290	8	sharia	sharia	NOUN
easat-9654	290	9	-	-	PUNCT
easat-9654	290	10	compliant	compliant	ADJ
easat-9654	290	11	solutions	solution	NOUN
easat-9654	290	12	,	,	PUNCT
easat-9654	290	13	it	it	PRON
easat-9654	290	14	will	will	AUX
easat-9654	290	15	be	be	AUX
easat-9654	290	16	difficult	difficult	ADJ
easat-9654	290	17	to	to	PART
easat-9654	290	18	obtain	obtain	VERB
easat-9654	290	19	financing	financing	NOUN
easat-9654	290	20	from	from	ADP
easat-9654	290	21	local	local	ADJ
easat-9654	290	22	islamic	islamic	ADJ
easat-9654	290	23	banks	bank	NOUN
easat-9654	290	24	or	or	CCONJ
easat-9654	290	25	qualify	qualify	VERB
easat-9654	290	26	for	for	ADP
easat-9654	290	27	government	government	NOUN
easat-9654	290	28	-	-	PUNCT
easat-9654	290	29	related	relate	VERB
easat-9654	290	30	projects	project	NOUN
easat-9654	290	31	.	.	PUNCT
easat-9654	291	1	3.2.3	3.2.3	X
easat-9654	291	2	.	.	X
easat-9654	291	3	legal	legal	ADJ
easat-9654	291	4	adaptation	adaptation	NOUN
easat-9654	291	5	dilemmas	dilemma	NOUN
easat-9654	291	6	under	under	ADP
easat-9654	291	7	the	the	DET
easat-9654	291	8	influence	influence	NOUN
easat-9654	291	9	of	of	ADP
easat-9654	291	10	local	local	ADJ
easat-9654	291	11	culture	culture	NOUN
easat-9654	291	12	and	and	CCONJ
easat-9654	291	13	religious	religious	ADJ
easat-9654	291	14	factors	factor	NOUN
easat-9654	291	15	indonesia	indonesia	PROPN
easat-9654	291	16	,	,	PUNCT
easat-9654	291	17	with	with	ADP
easat-9654	291	18	a	a	DET
easat-9654	291	19	muslim	muslim	ADJ
easat-9654	291	20	population	population	NOUN
easat-9654	291	21	of	of	ADP
easat-9654	291	22	approximately	approximately	ADV
easat-9654	291	23	235	235	NUM
easat-9654	291	24	million	million	NUM
easat-9654	291	25	(	(	PUNCT
easat-9654	291	26	accounting	account	VERB
easat-9654	291	27	for	for	ADP
easat-9654	291	28	87	87	NUM
easat-9654	291	29	%	%	NOUN
easat-9654	291	30	)	)	PUNCT
easat-9654	291	31	,	,	PUNCT
easat-9654	291	32	is	be	AUX
easat-9654	291	33	the	the	DET
easat-9654	291	34	country	country	NOUN
easat-9654	291	35	with	with	ADP
easat-9654	291	36	the	the	DET
easat-9654	291	37	largest	large	ADJ
easat-9654	291	38	muslim	muslim	ADJ
easat-9654	291	39	population	population	NOUN
easat-9654	291	40	in	in	ADP
easat-9654	291	41	the	the	DET
easat-9654	291	42	world	world	NOUN
easat-9654	291	43	.	.	PUNCT
easat-9654	292	1	its	its	PRON
easat-9654	292	2	financial	financial	ADJ
easat-9654	292	3	ecosystem	ecosystem	NOUN
easat-9654	292	4	exhibits	exhibit	VERB
easat-9654	292	5	distinctive	distinctive	ADJ
easat-9654	292	6	features	feature	NOUN
easat-9654	292	7	of	of	ADP
easat-9654	292	8	religious	religious	ADJ
easat-9654	292	9	compliance	compliance	NOUN
easat-9654	292	10	[	[	X
easat-9654	292	11	63	63	NUM
easat-9654	292	12	]	]	PUNCT
easat-9654	292	13	.	.	PUNCT
easat-9654	293	1	this	this	PRON
easat-9654	293	2	has	have	VERB
easat-9654	293	3	a	a	DET
easat-9654	293	4	structural	structural	ADJ
easat-9654	293	5	impact	impact	NOUN
easat-9654	293	6	on	on	ADP
easat-9654	293	7	the	the	DET
easat-9654	293	8	market	market	NOUN
easat-9654	293	9	entry	entry	NOUN
easat-9654	293	10	and	and	CCONJ
easat-9654	293	11	sustainable	sustainable	ADJ
easat-9654	293	12	operation	operation	NOUN
easat-9654	293	13	of	of	ADP
easat-9654	293	14	enterprises	enterprise	NOUN
easat-9654	293	15	from	from	ADP
easat-9654	293	16	non	non	ADJ
easat-9654	293	17	-	-	ADJ
easat-9654	293	18	islamic	islamic	ADJ
easat-9654	293	19	countries	country	NOUN
easat-9654	293	20	.	.	PUNCT
easat-9654	294	1	this	this	PRON
easat-9654	294	2	means	mean	VERB
easat-9654	294	3	that	that	SCONJ
easat-9654	294	4	the	the	DET
easat-9654	294	5	religious	religious	ADJ
easat-9654	294	6	and	and	CCONJ
easat-9654	294	7	cultural	cultural	ADJ
easat-9654	294	8	compatibility	compatibility	NOUN
easat-9654	294	9	of	of	ADP
easat-9654	294	10	their	their	PRON
easat-9654	294	11	financial	financial	ADJ
easat-9654	294	12	products	product	NOUN
easat-9654	294	13	and	and	CCONJ
easat-9654	294	14	services	service	NOUN
easat-9654	294	15	is	be	AUX
easat-9654	294	16	not	not	PART
easat-9654	294	17	only	only	ADV
easat-9654	294	18	a	a	DET
easat-9654	294	19	market	market	NOUN
easat-9654	294	20	access	access	NOUN
easat-9654	294	21	standard	standard	NOUN
easat-9654	294	22	,	,	PUNCT
easat-9654	294	23	but	but	CCONJ
easat-9654	294	24	has	have	AUX
easat-9654	294	25	also	also	ADV
easat-9654	294	26	become	become	VERB
easat-9654	294	27	a	a	DET
easat-9654	294	28	key	key	ADJ
easat-9654	294	29	strategic	strategic	ADJ
easat-9654	294	30	lever	lever	NOUN
easat-9654	294	31	for	for	ADP
easat-9654	294	32	effectively	effectively	ADV
easat-9654	294	33	leveraging	leverage	VERB
easat-9654	294	34	the	the	DET
easat-9654	294	35	demographic	demographic	ADJ
easat-9654	294	36	advantage	advantage	NOUN
easat-9654	294	37	of	of	ADP
easat-9654	294	38	the	the	DET
easat-9654	294	39	muslim	muslim	PROPN
easat-9654	294	40	community	community	PROPN
easat-9654	294	41	.	.	PUNCT
easat-9654	295	1	indonesia	indonesia	PROPN
easat-9654	295	2	implements	implement	VERB
easat-9654	295	3	the	the	DET
easat-9654	295	4	principles	principle	NOUN
easat-9654	295	5	of	of	ADP
easat-9654	295	6	islamic	islamic	ADJ
easat-9654	295	7	law	law	NOUN
easat-9654	295	8	in	in	ADP
easat-9654	295	9	the	the	DET
easat-9654	295	10	financial	financial	ADJ
easat-9654	295	11	industry	industry	NOUN
easat-9654	295	12	through	through	ADP
easat-9654	295	13	a	a	DET
easat-9654	295	14	dual	dual	ADJ
easat-9654	295	15	framework	framework	NOUN
easat-9654	295	16	of	of	ADP
easat-9654	295	17	laws	law	NOUN
easat-9654	295	18	and	and	CCONJ
easat-9654	295	19	religious	religious	ADJ
easat-9654	295	20	decrees	decree	NOUN
easat-9654	295	21	.	.	PUNCT
easat-9654	296	1	for	for	ADP
easat-9654	296	2	instance	instance	NOUN
easat-9654	296	3	,	,	PUNCT
easat-9654	296	4	the	the	DET
easat-9654	296	5	"	"	PUNCT
easat-9654	296	6	islamic	islamic	ADJ
easat-9654	296	7	banking	banking	NOUN
easat-9654	296	8	law	law	NOUN
easat-9654	296	9	of	of	ADP
easat-9654	296	10	2008	2008	NUM
easat-9654	296	11	"	"	PUNCT
easat-9654	296	12	outlines	outline	VERB
easat-9654	296	13	three	three	NUM
easat-9654	296	14	fundamental	fundamental	ADJ
easat-9654	296	15	principles	principle	NOUN
easat-9654	296	16	:	:	PUNCT
easat-9654	296	17	the	the	DET
easat-9654	296	18	prohibition	prohibition	NOUN
easat-9654	296	19	of	of	ADP
easat-9654	296	20	interest	interest	NOUN
easat-9654	296	21	(	(	PUNCT
easat-9654	296	22	riba	riba	PROPN
easat-9654	296	23	)	)	PUNCT
easat-9654	296	24	,	,	PUNCT
easat-9654	296	25	the	the	DET
easat-9654	296	26	prohibition	prohibition	NOUN
easat-9654	296	27	of	of	ADP
easat-9654	296	28	speculative	speculative	ADJ
easat-9654	296	29	behavior	behavior	NOUN
easat-9654	296	30	(	(	PUNCT
easat-9654	296	31	gharar	gharar	NOUN
easat-9654	296	32	)	)	PUNCT
easat-9654	296	33	,	,	PUNCT
easat-9654	296	34	and	and	CCONJ
easat-9654	296	35	restrictions	restriction	NOUN
easat-9654	296	36	on	on	ADP
easat-9654	296	37	investment	investment	NOUN
easat-9654	296	38	in	in	ADP
easat-9654	296	39	unethical	unethical	ADJ
easat-9654	296	40	industries	industry	NOUN
easat-9654	296	41	[	[	X
easat-9654	296	42	64	64	NUM
easat-9654	296	43	]	]	PUNCT
easat-9654	296	44	.	.	PUNCT
easat-9654	297	1	it	it	PRON
easat-9654	297	2	stipulates	stipulate	VERB
easat-9654	297	3	that	that	SCONJ
easat-9654	297	4	financial	financial	ADJ
easat-9654	297	5	transactions	transaction	NOUN
easat-9654	297	6	must	must	AUX
easat-9654	297	7	adhere	adhere	VERB
easat-9654	297	8	to	to	ADP
easat-9654	297	9	a	a	DET
easat-9654	297	10	profit	profit	NOUN
easat-9654	297	11	-	-	PUNCT
easat-9654	297	12	sharing	share	VERB
easat-9654	297	13	framework	framework	NOUN
easat-9654	297	14	based	base	VERB
easat-9654	297	15	on	on	ADP
easat-9654	297	16	tangible	tangible	ADJ
easat-9654	297	17	assets	asset	NOUN
easat-9654	297	18	,	,	PUNCT
easat-9654	297	19	such	such	ADJ
easat-9654	297	20	as	as	ADP
easat-9654	297	21	the	the	DET
easat-9654	297	22	mudaraba	mudaraba	PROPN
easat-9654	297	23	trust	trust	NOUN
easat-9654	297	24	financing	financing	NOUN
easat-9654	297	25	model	model	NOUN
easat-9654	297	26	and	and	CCONJ
easat-9654	297	27	the	the	DET
easat-9654	297	28	musharaka	musharaka	PROPN
easat-9654	297	29	partnership	partnership	PROPN
easat-9654	297	30	investment	investment	NOUN
easat-9654	297	31	model	model	NOUN
easat-9654	297	32	.	.	PUNCT
easat-9654	298	1	secondly	secondly	ADV
easat-9654	298	2	,	,	PUNCT
easat-9654	298	3	the	the	DET
easat-9654	298	4	national	national	PROPN
easat-9654	298	5	council	council	PROPN
easat-9654	298	6	1569	1569	NUM
easat-9654	298	7	edelweiss	edelweiss	PROPN
easat-9654	298	8	applied	apply	VERB
easat-9654	298	9	science	science	NOUN
easat-9654	298	10	and	and	CCONJ
easat-9654	298	11	technology	technology	NOUN
easat-9654	298	12	issn	issn	PROPN
easat-9654	298	13	:	:	PUNCT
easat-9654	298	14	2576	2576	NUM
easat-9654	298	15	-	-	SYM
easat-9654	298	16	8484	8484	NUM
easat-9654	298	17	vol	vol	NOUN
easat-9654	298	18	.	.	PROPN
easat-9654	299	1	9	9	NUM
easat-9654	299	2	,	,	PUNCT
easat-9654	299	3	no	no	INTJ
easat-9654	299	4	.	.	NOUN
easat-9654	299	5	8	8	NUM
easat-9654	299	6	:	:	SYM
easat-9654	299	7	1558	1558	NUM
easat-9654	299	8	-	-	SYM
easat-9654	299	9	1579	1579	NUM
easat-9654	299	10	,	,	PUNCT
easat-9654	299	11	2025	2025	NUM
easat-9654	299	12	doi	doi	NOUN
easat-9654	299	13	:	:	PUNCT
easat-9654	299	14	10.55214/2576	10.55214/2576	NUM
easat-9654	299	15	-	-	PUNCT
easat-9654	299	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	299	17	©	©	PROPN
easat-9654	299	18	2025	2025	NUM
easat-9654	299	19	by	by	ADP
easat-9654	299	20	the	the	DET
easat-9654	299	21	authors	author	NOUN
easat-9654	299	22	;	;	PUNCT
easat-9654	299	23	licensee	licensee	PROPN
easat-9654	299	24	learning	learning	NOUN
easat-9654	299	25	gate	gate	NOUN
easat-9654	299	26	for	for	ADP
easat-9654	299	27	fatwa	fatwa	PROPN
easat-9654	299	28	(	(	PUNCT
easat-9654	299	29	dsn	dsn	NOUN
easat-9654	299	30	-	-	PUNCT
easat-9654	299	31	mui	mui	NOUN
easat-9654	299	32	)	)	PUNCT
easat-9654	299	33	,	,	PUNCT
easat-9654	299	34	as	as	ADP
easat-9654	299	35	the	the	DET
easat-9654	299	36	authoritative	authoritative	ADJ
easat-9654	299	37	body	body	NOUN
easat-9654	299	38	for	for	ADP
easat-9654	299	39	religious	religious	ADJ
easat-9654	299	40	decision	decision	NOUN
easat-9654	299	41	-	-	PUNCT
easat-9654	299	42	making	making	NOUN
easat-9654	299	43	,	,	PUNCT
easat-9654	299	44	conducts	conduct	VERB
easat-9654	299	45	comprehensive	comprehensive	ADJ
easat-9654	299	46	compliance	compliance	NOUN
easat-9654	299	47	evaluations	evaluation	NOUN
easat-9654	299	48	of	of	ADP
easat-9654	299	49	financial	financial	ADJ
easat-9654	299	50	products	product	NOUN
easat-9654	299	51	by	by	ADP
easat-9654	299	52	issuing	issue	VERB
easat-9654	299	53	legally	legally	ADV
easat-9654	299	54	binding	bind	VERB
easat-9654	299	55	religious	religious	ADJ
easat-9654	299	56	decrees	decree	NOUN
easat-9654	299	57	(	(	PUNCT
easat-9654	299	58	fatwa	fatwa	NOUN
easat-9654	299	59	)	)	PUNCT
easat-9654	300	1	[	[	X
easat-9654	300	2	65	65	NUM
easat-9654	300	3	]	]	PUNCT
easat-9654	300	4	.	.	PUNCT
easat-9654	301	1	this	this	PRON
easat-9654	301	2	means	mean	VERB
easat-9654	301	3	that	that	SCONJ
easat-9654	301	4	financial	financial	ADJ
easat-9654	301	5	products	product	NOUN
easat-9654	301	6	without	without	ADP
easat-9654	301	7	halal	halal	NOUN
easat-9654	301	8	certification	certification	NOUN
easat-9654	301	9	will	will	AUX
easat-9654	301	10	face	face	VERB
easat-9654	301	11	sales	sale	NOUN
easat-9654	301	12	bans	ban	NOUN
easat-9654	301	13	and	and	CCONJ
easat-9654	301	14	may	may	AUX
easat-9654	301	15	also	also	ADV
easat-9654	301	16	run	run	VERB
easat-9654	301	17	the	the	DET
easat-9654	301	18	risk	risk	NOUN
easat-9654	301	19	of	of	ADP
easat-9654	301	20	being	be	AUX
easat-9654	301	21	boycotted	boycott	VERB
easat-9654	301	22	by	by	ADP
easat-9654	301	23	religious	religious	ADJ
easat-9654	301	24	groups	group	NOUN
easat-9654	301	25	.	.	PUNCT
easat-9654	302	1	this	this	DET
easat-9654	302	2	system	system	NOUN
easat-9654	302	3	requires	require	VERB
easat-9654	302	4	that	that	SCONJ
easat-9654	302	5	the	the	DET
easat-9654	302	6	specific	specific	ADJ
easat-9654	302	7	financial	financial	ADJ
easat-9654	302	8	operations	operation	NOUN
easat-9654	302	9	of	of	ADP
easat-9654	302	10	foreign	foreign	ADJ
easat-9654	302	11	-	-	PUNCT
easat-9654	302	12	funded	fund	VERB
easat-9654	302	13	enterprises	enterprise	NOUN
easat-9654	302	14	achieve	achieve	VERB
easat-9654	302	15	dual	dual	ADJ
easat-9654	302	16	goals	goal	NOUN
easat-9654	302	17	of	of	ADP
easat-9654	302	18	economic	economic	ADJ
easat-9654	302	19	efficiency	efficiency	NOUN
easat-9654	302	20	and	and	CCONJ
easat-9654	302	21	religious	religious	ADJ
easat-9654	302	22	mission	mission	NOUN
easat-9654	302	23	(	(	PUNCT
easat-9654	302	24	da’wah	da’wah	PROPN
easat-9654	302	25	):	):	PUNCT
easat-9654	302	26	at	at	ADP
easat-9654	302	27	the	the	DET
easat-9654	302	28	risk	risk	NOUN
easat-9654	302	29	management	management	NOUN
easat-9654	302	30	level	level	NOUN
easat-9654	302	31	,	,	PUNCT
easat-9654	302	32	they	they	PRON
easat-9654	302	33	must	must	AUX
easat-9654	302	34	avoid	avoid	VERB
easat-9654	302	35	traditional	traditional	ADJ
easat-9654	302	36	prohibited	prohibit	VERB
easat-9654	302	37	industries	industry	NOUN
easat-9654	302	38	such	such	ADJ
easat-9654	302	39	as	as	ADP
easat-9654	302	40	alcohol	alcohol	NOUN
easat-9654	302	41	and	and	CCONJ
easat-9654	302	42	gambling	gambling	NOUN
easat-9654	302	43	,	,	PUNCT
easat-9654	302	44	and	and	CCONJ
easat-9654	302	45	also	also	ADV
easat-9654	302	46	require	require	VERB
easat-9654	302	47	emerging	emerge	VERB
easat-9654	302	48	financial	financial	ADJ
easat-9654	302	49	models	model	NOUN
easat-9654	302	50	(	(	PUNCT
easat-9654	302	51	such	such	ADJ
easat-9654	302	52	as	as	ADP
easat-9654	302	53	p2p	p2p	NOUN
easat-9654	302	54	lending	lending	NOUN
easat-9654	302	55	)	)	PUNCT
easat-9654	302	56	to	to	PART
easat-9654	302	57	strictly	strictly	ADV
easat-9654	302	58	prohibit	prohibit	VERB
easat-9654	302	59	forced	force	VERB
easat-9654	302	60	debt	debt	NOUN
easat-9654	302	61	collection	collection	NOUN
easat-9654	302	62	to	to	PART
easat-9654	302	63	adhere	adhere	VERB
easat-9654	302	64	to	to	ADP
easat-9654	302	65	the	the	DET
easat-9654	302	66	moral	moral	ADJ
easat-9654	302	67	principle	principle	NOUN
easat-9654	302	68	of	of	ADP
easat-9654	302	69	"	"	PUNCT
easat-9654	302	70	prohibiting	prohibit	VERB
easat-9654	302	71	the	the	DET
easat-9654	302	72	humiliation	humiliation	NOUN
easat-9654	302	73	of	of	ADP
easat-9654	302	74	debtors	debtor	NOUN
easat-9654	302	75	(	(	PUNCT
easat-9654	302	76	ihtikar	ihtikar	PROPN
easat-9654	302	77	)	)	PUNCT
easat-9654	303	1	[	[	X
easat-9654	303	2	66	66	NUM
easat-9654	303	3	]	]	PUNCT
easat-9654	303	4	.	.	PUNCT
easat-9654	304	1	meanwhile	meanwhile	ADV
easat-9654	304	2	,	,	PUNCT
easat-9654	304	3	religious	religious	ADJ
easat-9654	304	4	and	and	CCONJ
easat-9654	304	5	cultural	cultural	ADJ
easat-9654	304	6	traditions	tradition	NOUN
easat-9654	304	7	also	also	ADV
easat-9654	304	8	provide	provide	VERB
easat-9654	304	9	an	an	DET
easat-9654	304	10	inviolable	inviolable	ADJ
easat-9654	304	11	bottom	bottom	ADJ
easat-9654	304	12	line	line	NOUN
easat-9654	304	13	for	for	ADP
easat-9654	304	14	foreign	foreign	ADJ
easat-9654	304	15	-	-	PUNCT
easat-9654	304	16	funded	fund	VERB
easat-9654	304	17	institutions	institution	NOUN
easat-9654	304	18	in	in	ADP
easat-9654	304	19	their	their	PRON
easat-9654	304	20	operations	operation	NOUN
easat-9654	304	21	,	,	PUNCT
easat-9654	304	22	requiring	require	VERB
easat-9654	304	23	enterprises	enterprise	NOUN
easat-9654	304	24	to	to	PART
easat-9654	304	25	implement	implement	VERB
easat-9654	304	26	comprehensive	comprehensive	ADJ
easat-9654	304	27	localization	localization	NOUN
easat-9654	304	28	reforms	reform	NOUN
easat-9654	304	29	.	.	PUNCT
easat-9654	305	1	at	at	ADP
easat-9654	305	2	the	the	DET
easat-9654	305	3	level	level	NOUN
easat-9654	305	4	of	of	ADP
easat-9654	305	5	human	human	ADJ
easat-9654	305	6	resource	resource	NOUN
easat-9654	305	7	allocation	allocation	NOUN
easat-9654	305	8	,	,	PUNCT
easat-9654	305	9	flexible	flexible	ADJ
easat-9654	305	10	working	working	NOUN
easat-9654	305	11	hours	hour	NOUN
easat-9654	305	12	are	be	AUX
easat-9654	305	13	adopted	adopt	VERB
easat-9654	305	14	,	,	PUNCT
easat-9654	305	15	the	the	DET
easat-9654	305	16	right	right	NOUN
easat-9654	305	17	to	to	PART
easat-9654	305	18	worship	worship	VERB
easat-9654	305	19	on	on	ADP
easat-9654	305	20	fridays	fridays	PROPN
easat-9654	305	21	is	be	AUX
easat-9654	305	22	guaranteed	guarantee	VERB
easat-9654	305	23	,	,	PUNCT
easat-9654	305	24	and	and	CCONJ
easat-9654	305	25	religious	religious	ADJ
easat-9654	305	26	allowance	allowance	NOUN
easat-9654	305	27	incentive	incentive	NOUN
easat-9654	305	28	mechanisms	mechanism	NOUN
easat-9654	305	29	are	be	AUX
easat-9654	305	30	implemented	implement	VERB
easat-9654	305	31	during	during	ADP
easat-9654	305	32	the	the	DET
easat-9654	305	33	fasting	fast	VERB
easat-9654	305	34	month	month	NOUN
easat-9654	305	35	.	.	PUNCT
easat-9654	306	1	this	this	DET
easat-9654	306	2	way	way	NOUN
easat-9654	306	3	of	of	ADP
easat-9654	306	4	integrating	integrate	VERB
easat-9654	306	5	religious	religious	ADJ
easat-9654	306	6	culture	culture	NOUN
easat-9654	306	7	into	into	ADP
easat-9654	306	8	business	business	NOUN
easat-9654	306	9	operations	operation	NOUN
easat-9654	306	10	has	have	AUX
easat-9654	306	11	constructed	construct	VERB
easat-9654	306	12	a	a	DET
easat-9654	306	13	trinity	trinity	NOUN
easat-9654	306	14	value	value	NOUN
easat-9654	306	15	network	network	NOUN
easat-9654	306	16	with	with	ADP
easat-9654	306	17	indonesian	indonesian	ADJ
easat-9654	306	18	characteristics	characteristic	NOUN
easat-9654	306	19	,	,	PUNCT
easat-9654	306	20	namely	namely	ADV
easat-9654	306	21	"	"	PUNCT
easat-9654	306	22	adhering	adhere	VERB
easat-9654	306	23	to	to	ADP
easat-9654	306	24	religious	religious	ADJ
easat-9654	306	25	laws	law	NOUN
easat-9654	306	26	business	business	NOUN
easat-9654	306	27	ethics	ethic	NOUN
easat-9654	306	28	market	market	PROPN
easat-9654	306	29	trust	trust	NOUN
easat-9654	306	30	"	"	PUNCT
easat-9654	306	31	.	.	PUNCT
easat-9654	307	1	4	4	X
easat-9654	307	2	.	.	X
easat-9654	307	3	analysis	analysis	NOUN
easat-9654	307	4	of	of	ADP
easat-9654	307	5	failure	failure	NOUN
easat-9654	307	6	or	or	CCONJ
easat-9654	307	7	compliance	compliance	NOUN
easat-9654	307	8	crisis	crisis	NOUN
easat-9654	307	9	cases	case	NOUN
easat-9654	307	10	of	of	ADP
easat-9654	307	11	chinese	chinese	ADJ
easat-9654	307	12	fintech	fintech	NOUN
easat-9654	307	13	enterprises	enterprise	NOUN
easat-9654	307	14	4.1	4.1	NUM
easat-9654	307	15	.	.	PUNCT
easat-9654	308	1	rupiahplus	rupiahplus	NOUN
easat-9654	308	2	:	:	PUNCT
easat-9654	309	1	crisis	crisis	NOUN
easat-9654	309	2	of	of	ADP
easat-9654	309	3	illegal	illegal	ADJ
easat-9654	309	4	high	high	ADJ
easat-9654	309	5	-	-	PUNCT
easat-9654	309	6	interest	interest	NOUN
easat-9654	309	7	loans	loan	NOUN
easat-9654	309	8	and	and	CCONJ
easat-9654	309	9	violent	violent	ADJ
easat-9654	309	10	debt	debt	NOUN
easat-9654	309	11	collection	collection	NOUN
easat-9654	309	12	in	in	ADP
easat-9654	309	13	2018	2018	NUM
easat-9654	309	14	,	,	PUNCT
easat-9654	309	15	rupiah	rupiah	PROPN
easat-9654	309	16	plus	plus	NOUN
easat-9654	309	17	,	,	PUNCT
easat-9654	309	18	an	an	DET
easat-9654	309	19	indonesian	indonesian	ADJ
easat-9654	309	20	licensed	licensed	ADJ
easat-9654	309	21	fintech	fintech	NOUN
easat-9654	309	22	company	company	NOUN
easat-9654	309	23	with	with	ADP
easat-9654	309	24	chinese	chinese	ADJ
easat-9654	309	25	capital	capital	NOUN
easat-9654	309	26	background	background	NOUN
easat-9654	309	27	(	(	PUNCT
easat-9654	309	28	hereinafter	hereinafter	NOUN
easat-9654	309	29	referred	refer	VERB
easat-9654	309	30	to	to	ADP
easat-9654	309	31	as	as	ADP
easat-9654	309	32	"	"	PUNCT
easat-9654	309	33	rp	rp	NOUN
easat-9654	309	34	"	"	PUNCT
easat-9654	309	35	)	)	PUNCT
easat-9654	309	36	,	,	PUNCT
easat-9654	309	37	triggered	trigger	VERB
easat-9654	309	38	a	a	DET
easat-9654	309	39	major	major	ADJ
easat-9654	309	40	compliance	compliance	NOUN
easat-9654	309	41	issue	issue	NOUN
easat-9654	309	42	due	due	ADP
easat-9654	309	43	to	to	ADP
easat-9654	309	44	systematic	systematic	ADJ
easat-9654	309	45	data	datum	NOUN
easat-9654	309	46	abuse	abuse	NOUN
easat-9654	309	47	.	.	PUNCT
easat-9654	310	1	this	this	DET
easat-9654	310	2	case	case	NOUN
easat-9654	310	3	was	be	AUX
easat-9654	310	4	the	the	DET
easat-9654	310	5	first	first	ADJ
easat-9654	310	6	instance	instance	NOUN
easat-9654	310	7	in	in	ADP
easat-9654	310	8	indonesia	indonesia	PROPN
easat-9654	310	9	's	's	PART
easat-9654	310	10	regulatory	regulatory	ADJ
easat-9654	310	11	history	history	NOUN
easat-9654	310	12	where	where	SCONJ
easat-9654	310	13	the	the	DET
easat-9654	310	14	"	"	PUNCT
easat-9654	310	15	finance	finance	NOUN
easat-9654	310	16	and	and	CCONJ
easat-9654	310	17	communication	communication	NOUN
easat-9654	310	18	"	"	PUNCT
easat-9654	310	19	departments	department	NOUN
easat-9654	310	20	jointly	jointly	ADV
easat-9654	310	21	imposed	impose	VERB
easat-9654	310	22	penalties	penalty	NOUN
easat-9654	310	23	.	.	PUNCT
easat-9654	311	1	its	its	PRON
easat-9654	311	2	handling	handling	NOUN
easat-9654	311	3	framework	framework	NOUN
easat-9654	311	4	is	be	AUX
easat-9654	311	5	crucial	crucial	ADJ
easat-9654	311	6	for	for	ADP
easat-9654	311	7	understanding	understand	VERB
easat-9654	311	8	the	the	DET
easat-9654	311	9	development	development	NOUN
easat-9654	311	10	of	of	ADP
easat-9654	311	11	the	the	DET
easat-9654	311	12	internal	internal	ADJ
easat-9654	311	13	regulatory	regulatory	ADJ
easat-9654	311	14	logic	logic	NOUN
easat-9654	311	15	within	within	ADP
easat-9654	311	16	the	the	DET
easat-9654	311	17	digital	digital	ADJ
easat-9654	311	18	credit	credit	NOUN
easat-9654	311	19	industry	industry	NOUN
easat-9654	311	20	.	.	PUNCT
easat-9654	312	1	rp	rp	NOUN
easat-9654	312	2	has	have	AUX
easat-9654	312	3	developed	develop	VERB
easat-9654	312	4	a	a	DET
easat-9654	312	5	complex	complex	ADJ
easat-9654	312	6	user	user	NOUN
easat-9654	312	7	relationship	relationship	NOUN
easat-9654	312	8	network	network	NOUN
easat-9654	312	9	mapping	mapping	NOUN
easat-9654	312	10	system	system	NOUN
easat-9654	312	11	through	through	ADP
easat-9654	312	12	extensive	extensive	ADJ
easat-9654	312	13	application	application	NOUN
easat-9654	312	14	permission	permission	NOUN
easat-9654	312	15	requests	request	NOUN
easat-9654	312	16	:	:	PUNCT
easat-9654	312	17	by	by	ADP
easat-9654	312	18	including	include	VERB
easat-9654	312	19	mandatory	mandatory	ADJ
easat-9654	312	20	authorization	authorization	NOUN
easat-9654	312	21	clauses	clause	NOUN
easat-9654	312	22	in	in	ADP
easat-9654	312	23	loan	loan	NOUN
easat-9654	312	24	agreements	agreement	NOUN
easat-9654	312	25	,	,	PUNCT
easat-9654	312	26	it	it	PRON
easat-9654	312	27	requires	require	VERB
easat-9654	312	28	borrowers	borrower	NOUN
easat-9654	312	29	to	to	PART
easat-9654	312	30	provide	provide	VERB
easat-9654	312	31	their	their	PRON
easat-9654	312	32	contact	contact	NOUN
easat-9654	312	33	lists	list	NOUN
easat-9654	312	34	,	,	PUNCT
easat-9654	312	35	call	call	VERB
easat-9654	312	36	records	record	NOUN
easat-9654	312	37	,	,	PUNCT
easat-9654	312	38	and	and	CCONJ
easat-9654	312	39	text	text	NOUN
easat-9654	312	40	messages	message	NOUN
easat-9654	312	41	,	,	PUNCT
easat-9654	312	42	thereby	thereby	ADV
easat-9654	312	43	creating	create	VERB
easat-9654	312	44	a	a	DET
easat-9654	312	45	digital	digital	ADJ
easat-9654	312	46	archive	archive	NOUN
easat-9654	312	47	containing	contain	VERB
easat-9654	312	48	social	social	ADJ
easat-9654	312	49	relationship	relationship	NOUN
easat-9654	312	50	networks	network	NOUN
easat-9654	312	51	[	[	X
easat-9654	312	52	67	67	NUM
easat-9654	312	53	]	]	PUNCT
easat-9654	312	54	.	.	PUNCT
easat-9654	313	1	this	this	DET
easat-9654	313	2	privacy	privacy	NOUN
easat-9654	313	3	policy	policy	NOUN
easat-9654	313	4	adopts	adopt	VERB
easat-9654	313	5	a	a	DET
easat-9654	313	6	structure	structure	NOUN
easat-9654	313	7	of	of	ADP
easat-9654	313	8	"	"	PUNCT
easat-9654	313	9	general	general	ADJ
easat-9654	313	10	authorization	authorization	NOUN
easat-9654	313	11	plus	plus	CCONJ
easat-9654	313	12	exceptions	exception	NOUN
easat-9654	313	13	and	and	CCONJ
easat-9654	313	14	exemptions	exemption	NOUN
easat-9654	313	15	"	"	PUNCT
easat-9654	313	16	,	,	PUNCT
easat-9654	313	17	using	use	VERB
easat-9654	313	18	ambiguous	ambiguous	ADJ
easat-9654	313	19	language	language	NOUN
easat-9654	313	20	such	such	ADJ
easat-9654	313	21	as	as	ADP
easat-9654	313	22	"	"	PUNCT
easat-9654	313	23	may	may	AUX
easat-9654	313	24	violate	violate	VERB
easat-9654	313	25	the	the	DET
easat-9654	313	26	confidentiality	confidentiality	NOUN
easat-9654	313	27	obligation	obligation	NOUN
easat-9654	313	28	during	during	ADP
easat-9654	313	29	debt	debt	NOUN
easat-9654	313	30	collection	collection	NOUN
easat-9654	313	31	"	"	PUNCT
easat-9654	313	32	,	,	PUNCT
easat-9654	313	33	providing	provide	VERB
easat-9654	313	34	legal	legal	ADJ
easat-9654	313	35	loopholes	loophole	NOUN
easat-9654	313	36	for	for	ADP
easat-9654	313	37	potential	potential	ADJ
easat-9654	313	38	data	datum	NOUN
easat-9654	313	39	abuse	abuse	NOUN
easat-9654	313	40	.	.	PUNCT
easat-9654	314	1	the	the	DET
easat-9654	314	2	collection	collection	NOUN
easat-9654	314	3	team	team	NOUN
easat-9654	314	4	can	can	AUX
easat-9654	314	5	obtain	obtain	VERB
easat-9654	314	6	the	the	DET
easat-9654	314	7	borrower	borrower	NOUN
easat-9654	314	8	's	's	PART
easat-9654	314	9	contact	contact	NOUN
easat-9654	314	10	list	list	NOUN
easat-9654	314	11	data	datum	NOUN
easat-9654	314	12	in	in	ADP
easat-9654	314	13	real	real	ADJ
easat-9654	314	14	time	time	NOUN
easat-9654	314	15	through	through	ADP
easat-9654	314	16	the	the	DET
easat-9654	314	17	back	back	ADJ
easat-9654	314	18	-	-	PUNCT
easat-9654	314	19	end	end	NOUN
easat-9654	314	20	interface	interface	NOUN
easat-9654	314	21	and	and	CCONJ
easat-9654	314	22	use	use	VERB
easat-9654	314	23	the	the	DET
easat-9654	314	24	close	close	ADJ
easat-9654	314	25	relationship	relationship	NOUN
easat-9654	314	26	algorithm	algorithm	NOUN
easat-9654	314	27	to	to	PART
easat-9654	314	28	adopt	adopt	VERB
easat-9654	314	29	a	a	DET
easat-9654	314	30	hierarchical	hierarchical	ADJ
easat-9654	314	31	harassment	harassment	NOUN
easat-9654	314	32	strategy	strategy	NOUN
easat-9654	314	33	for	for	ADP
easat-9654	314	34	nonemergency	nonemergency	NOUN
easat-9654	314	35	contacts	contact	NOUN
easat-9654	314	36	[	[	X
easat-9654	314	37	67	67	NUM
easat-9654	314	38	]	]	PUNCT
easat-9654	314	39	.	.	PUNCT
easat-9654	315	1	this	this	PRON
easat-9654	315	2	has	have	AUX
easat-9654	315	3	thus	thus	ADV
easat-9654	315	4	formed	form	VERB
easat-9654	315	5	a	a	DET
easat-9654	315	6	three	three	NUM
easat-9654	315	7	-	-	PUNCT
easat-9654	315	8	stage	stage	NOUN
easat-9654	315	9	aggressive	aggressive	ADJ
easat-9654	315	10	collection	collection	NOUN
easat-9654	315	11	model	model	NOUN
easat-9654	315	12	composed	compose	VERB
easat-9654	315	13	of	of	ADP
easat-9654	315	14	"	"	PUNCT
easat-9654	315	15	debt	debt	NOUN
easat-9654	315	16	information	information	NOUN
easat-9654	315	17	disclosure	disclosure	NOUN
easat-9654	315	18	personal	personal	ADJ
easat-9654	315	19	insult	insult	NOUN
easat-9654	315	20	threats	threat	VERB
easat-9654	315	21	third	third	ADJ
easat-9654	315	22	-	-	PUNCT
easat-9654	315	23	party	party	NOUN
easat-9654	315	24	cost	cost	NOUN
easat-9654	315	25	transfer	transfer	NOUN
easat-9654	315	26	"	"	PUNCT
easat-9654	315	27	.	.	PUNCT
easat-9654	316	1	the	the	DET
easat-9654	316	2	financial	financial	PROPN
easat-9654	316	3	services	service	NOUN
easat-9654	316	4	authority	authority	NOUN
easat-9654	316	5	of	of	ADP
easat-9654	316	6	indonesia	indonesia	PROPN
easat-9654	316	7	(	(	PUNCT
easat-9654	316	8	ojk	ojk	NOUN
easat-9654	316	9	)	)	PUNCT
easat-9654	316	10	concluded	conclude	VERB
easat-9654	316	11	that	that	SCONJ
easat-9654	316	12	rp	rp	NOUN
easat-9654	316	13	had	have	AUX
easat-9654	316	14	engaged	engage	VERB
easat-9654	316	15	in	in	ADP
easat-9654	316	16	"	"	PUNCT
easat-9654	316	17	data	data	NOUN
easat-9654	316	18	collection	collection	NOUN
easat-9654	316	19	exceeding	exceed	VERB
easat-9654	316	20	service	service	NOUN
easat-9654	316	21	necessities	necessity	NOUN
easat-9654	316	22	,	,	PUNCT
easat-9654	316	23	"	"	PUNCT
easat-9654	316	24	constituting	constitute	VERB
easat-9654	316	25	a	a	DET
easat-9654	316	26	violation	violation	NOUN
easat-9654	316	27	of	of	ADP
easat-9654	316	28	the	the	DET
easat-9654	316	29	data	data	PROPN
easat-9654	316	30	minimization	minimization	NOUN
easat-9654	316	31	principle	principle	NOUN
easat-9654	316	32	outlined	outline	VERB
easat-9654	316	33	in	in	ADP
easat-9654	316	34	article	article	NOUN
easat-9654	316	35	12	12	NUM
easat-9654	316	36	of	of	ADP
easat-9654	316	37	the	the	DET
easat-9654	316	38	"	"	PUNCT
easat-9654	316	39	fintech	fintech	NOUN
easat-9654	316	40	regulatory	regulatory	ADJ
easat-9654	316	41	sandbox	sandbox	NOUN
easat-9654	316	42	guidelines	guideline	NOUN
easat-9654	316	43	"	"	PUNCT
easat-9654	316	44	(	(	PUNCT
easat-9654	316	45	pojk	pojk	PROPN
easat-9654	316	46	77/2016	77/2016	NUM
easat-9654	316	47	)	)	PUNCT
easat-9654	317	1	[	[	X
easat-9654	317	2	68	68	NUM
easat-9654	317	3	]	]	PUNCT
easat-9654	317	4	.	.	PUNCT
easat-9654	318	1	the	the	DET
easat-9654	318	2	ojk	ojk	NOUN
easat-9654	318	3	has	have	AUX
easat-9654	318	4	implemented	implement	VERB
easat-9654	318	5	three	three	NUM
easat-9654	318	6	fundamental	fundamental	ADJ
easat-9654	318	7	measures	measure	NOUN
easat-9654	318	8	[	[	X
easat-9654	318	9	68	68	NUM
easat-9654	318	10	]	]	PUNCT
easat-9654	318	11	.	.	PUNCT
easat-9654	319	1	(	(	PUNCT
easat-9654	319	2	1	1	X
easat-9654	319	3	)	)	PUNCT
easat-9654	319	4	suspend	suspend	VERB
easat-9654	319	5	the	the	DET
easat-9654	319	6	qualification	qualification	NOUN
easat-9654	319	7	for	for	ADP
easat-9654	319	8	license	license	NOUN
easat-9654	319	9	application	application	NOUN
easat-9654	319	10	for	for	ADP
easat-9654	319	11	three	three	NUM
easat-9654	319	12	months	month	NOUN
easat-9654	319	13	(	(	PUNCT
easat-9654	319	14	from	from	ADP
easat-9654	319	15	july	july	PROPN
easat-9654	319	16	2018	2018	NUM
easat-9654	319	17	to	to	ADP
easat-9654	319	18	october	october	PROPN
easat-9654	319	19	2018	2018	NUM
easat-9654	319	20	)	)	PUNCT
easat-9654	319	21	,	,	PUNCT
easat-9654	319	22	and	and	CCONJ
easat-9654	319	23	impose	impose	VERB
easat-9654	319	24	the	the	DET
easat-9654	319	25	most	most	ADV
easat-9654	319	26	severe	severe	ADJ
easat-9654	319	27	penalties	penalty	NOUN
easat-9654	319	28	on	on	ADP
easat-9654	319	29	the	the	DET
easat-9654	319	30	licensed	licensed	ADJ
easat-9654	319	31	preparatory	preparatory	ADJ
easat-9654	319	32	institutions	institution	NOUN
easat-9654	319	33	;	;	PUNCT
easat-9654	319	34	(	(	PUNCT
easat-9654	319	35	2	2	X
easat-9654	319	36	)	)	PUNCT
easat-9654	319	37	authorize	authorize	VERB
easat-9654	319	38	the	the	DET
easat-9654	319	39	establishment	establishment	NOUN
easat-9654	319	40	of	of	ADP
easat-9654	319	41	an	an	DET
easat-9654	319	42	independent	independent	ADJ
easat-9654	319	43	collection	collection	NOUN
easat-9654	319	44	audit	audit	NOUN
easat-9654	319	45	committee	committee	NOUN
easat-9654	319	46	;	;	PUNCT
easat-9654	319	47	(	(	PUNCT
easat-9654	319	48	3	3	X
easat-9654	319	49	)	)	PUNCT
easat-9654	319	50	be	be	AUX
easat-9654	319	51	obligated	obligate	VERB
easat-9654	319	52	to	to	PART
easat-9654	319	53	clear	clear	VERB
easat-9654	319	54	the	the	DET
easat-9654	319	55	excessive	excessive	ADJ
easat-9654	319	56	data	datum	NOUN
easat-9654	319	57	within	within	ADP
easat-9654	319	58	the	the	DET
easat-9654	319	59	prescribed	prescribed	ADJ
easat-9654	319	60	period	period	NOUN
easat-9654	319	61	and	and	CCONJ
easat-9654	319	62	submit	submit	VERB
easat-9654	319	63	a	a	DET
easat-9654	319	64	compliance	compliance	NOUN
easat-9654	319	65	rectification	rectification	NOUN
easat-9654	319	66	report	report	NOUN
easat-9654	319	67	.	.	PUNCT
easat-9654	320	1	the	the	DET
easat-9654	320	2	ministry	ministry	PROPN
easat-9654	320	3	of	of	ADP
easat-9654	320	4	communication	communication	NOUN
easat-9654	320	5	and	and	CCONJ
easat-9654	320	6	informatics	informatic	NOUN
easat-9654	320	7	(	(	PUNCT
easat-9654	320	8	komdigi	komdigi	PROPN
easat-9654	320	9	)	)	PUNCT
easat-9654	320	10	classified	classify	VERB
easat-9654	320	11	violent	violent	ADJ
easat-9654	320	12	debt	debt	NOUN
easat-9654	320	13	collection	collection	NOUN
easat-9654	320	14	as	as	ADP
easat-9654	320	15	"	"	PUNCT
easat-9654	320	16	illegal	illegal	ADJ
easat-9654	320	17	interception	interception	NOUN
easat-9654	320	18	of	of	ADP
easat-9654	320	19	electronic	electronic	ADJ
easat-9654	320	20	information	information	NOUN
easat-9654	320	21	"	"	PUNCT
easat-9654	320	22	and	and	CCONJ
easat-9654	320	23	"	"	PUNCT
easat-9654	320	24	insult	insult	NOUN
easat-9654	320	25	and	and	CCONJ
easat-9654	320	26	defamation	defamation	NOUN
easat-9654	320	27	"	"	PUNCT
easat-9654	320	28	pursuant	pursuant	NOUN
easat-9654	320	29	to	to	ADP
easat-9654	320	30	article	article	NOUN
easat-9654	320	31	27(3	27(3	NUM
easat-9654	320	32	)	)	PUNCT
easat-9654	320	33	of	of	ADP
easat-9654	320	34	the	the	DET
easat-9654	320	35	electronic	electronic	ADJ
easat-9654	320	36	transactions	transaction	NOUN
easat-9654	320	37	law	law	NOUN
easat-9654	320	38	,	,	PUNCT
easat-9654	320	39	thereby	thereby	ADV
easat-9654	320	40	facilitating	facilitate	VERB
easat-9654	320	41	victims	victim	NOUN
easat-9654	320	42	'	'	PART
easat-9654	320	43	engagement	engagement	NOUN
easat-9654	320	44	in	in	ADP
easat-9654	320	45	criminal	criminal	ADJ
easat-9654	320	46	prosecution	prosecution	NOUN
easat-9654	320	47	procedures	procedure	NOUN
easat-9654	320	48	[	[	X
easat-9654	320	49	67	67	NUM
easat-9654	320	50	]	]	PUNCT
easat-9654	320	51	.	.	PUNCT
easat-9654	321	1	under	under	ADP
easat-9654	321	2	the	the	DET
easat-9654	321	3	regulatory	regulatory	ADJ
easat-9654	321	4	link	link	NOUN
easat-9654	321	5	system	system	NOUN
easat-9654	321	6	,	,	PUNCT
easat-9654	321	7	rps	rps	PROPN
easat-9654	321	8	must	must	AUX
easat-9654	321	9	undergo	undergo	VERB
easat-9654	321	10	third	third	ADJ
easat-9654	321	11	-	-	PUNCT
easat-9654	321	12	party	party	NOUN
easat-9654	321	13	security	security	NOUN
easat-9654	321	14	assessments	assessment	NOUN
easat-9654	321	15	,	,	PUNCT
easat-9654	321	16	clear	clear	ADJ
easat-9654	321	17	all	all	DET
easat-9654	321	18	past	past	ADJ
easat-9654	321	19	data	datum	NOUN
easat-9654	321	20	,	,	PUNCT
easat-9654	321	21	and	and	CCONJ
easat-9654	321	22	establish	establish	VERB
easat-9654	321	23	a	a	DET
easat-9654	321	24	composite	composite	ADJ
easat-9654	321	25	regulatory	regulatory	ADJ
easat-9654	321	26	framework	framework	NOUN
easat-9654	321	27	of	of	ADP
easat-9654	321	28	"	"	PUNCT
easat-9654	321	29	administrative	administrative	ADJ
easat-9654	321	30	penalties	penalty	NOUN
easat-9654	321	31	+	+	CCONJ
easat-9654	321	32	criminal	criminal	ADJ
easat-9654	321	33	prosecution	prosecution	NOUN
easat-9654	321	34	+	+	CCONJ
easat-9654	321	35	technical	technical	ADJ
easat-9654	321	36	rectification	rectification	NOUN
easat-9654	321	37	"	"	PUNCT
easat-9654	321	38	.	.	PUNCT
easat-9654	322	1	overall	overall	ADV
easat-9654	322	2	,	,	PUNCT
easat-9654	322	3	this	this	DET
easat-9654	322	4	case	case	NOUN
easat-9654	322	5	established	establish	VERB
easat-9654	322	6	three	three	NUM
easat-9654	322	7	precedents	precedent	NOUN
easat-9654	322	8	for	for	ADP
easat-9654	322	9	indonesia	indonesia	PROPN
easat-9654	322	10	's	's	PART
easat-9654	322	11	fintech	fintech	NOUN
easat-9654	322	12	regulatory	regulatory	ADJ
easat-9654	322	13	framework	framework	NOUN
easat-9654	322	14	:	:	PUNCT
easat-9654	322	15	(	(	PUNCT
easat-9654	322	16	1	1	X
easat-9654	322	17	)	)	PUNCT
easat-9654	322	18	transcending	transcend	VERB
easat-9654	322	19	traditional	traditional	ADJ
easat-9654	322	20	institutional	institutional	ADJ
easat-9654	322	21	oversight	oversight	NOUN
easat-9654	322	22	boundaries	boundary	NOUN
easat-9654	322	23	by	by	ADP
easat-9654	322	24	implementing	implement	VERB
easat-9654	322	25	a	a	DET
easat-9654	322	26	multidimensional	multidimensional	ADJ
easat-9654	322	27	governance	governance	NOUN
easat-9654	322	28	model	model	NOUN
easat-9654	322	29	integrating	integrate	VERB
easat-9654	322	30	"	"	PUNCT
easat-9654	322	31	conduct	conduct	VERB
easat-9654	322	32	supervision	supervision	NOUN
easat-9654	322	33	,	,	PUNCT
easat-9654	322	34	technical	technical	ADJ
easat-9654	322	35	scrutiny	scrutiny	NOUN
easat-9654	322	36	,	,	PUNCT
easat-9654	322	37	and	and	CCONJ
easat-9654	322	38	data	datum	NOUN
easat-9654	322	39	auditing	auditing	NOUN
easat-9654	322	40	"	"	PUNCT
easat-9654	322	41	;	;	PUNCT
easat-9654	322	42	(	(	PUNCT
easat-9654	322	43	2	2	X
easat-9654	322	44	)	)	PUNCT
easat-9654	322	45	1570	1570	NUM
easat-9654	322	46	edelweiss	edelweiss	PROPN
easat-9654	322	47	applied	apply	VERB
easat-9654	322	48	science	science	NOUN
easat-9654	322	49	and	and	CCONJ
easat-9654	322	50	technology	technology	NOUN
easat-9654	322	51	issn	issn	PROPN
easat-9654	322	52	:	:	PUNCT
easat-9654	322	53	2576	2576	NUM
easat-9654	322	54	-	-	SYM
easat-9654	322	55	8484	8484	NUM
easat-9654	322	56	vol	vol	NOUN
easat-9654	322	57	.	.	PROPN
easat-9654	323	1	9	9	NUM
easat-9654	323	2	,	,	PUNCT
easat-9654	323	3	no	no	INTJ
easat-9654	323	4	.	.	NOUN
easat-9654	323	5	8	8	NUM
easat-9654	323	6	:	:	SYM
easat-9654	323	7	1558	1558	NUM
easat-9654	323	8	-	-	SYM
easat-9654	323	9	1579	1579	NUM
easat-9654	323	10	,	,	PUNCT
easat-9654	323	11	2025	2025	NUM
easat-9654	323	12	doi	doi	NOUN
easat-9654	323	13	:	:	PUNCT
easat-9654	323	14	10.55214/2576	10.55214/2576	NUM
easat-9654	323	15	-	-	PUNCT
easat-9654	323	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	323	17	©	©	PROPN
easat-9654	323	18	2025	2025	NUM
easat-9654	323	19	by	by	ADP
easat-9654	323	20	the	the	DET
easat-9654	323	21	authors	author	NOUN
easat-9654	323	22	;	;	PUNCT
easat-9654	323	23	licensee	licensee	PROPN
easat-9654	323	24	learning	learning	NOUN
easat-9654	323	25	gate	gate	NOUN
easat-9654	323	26	proactively	proactively	ADV
easat-9654	323	27	enforcing	enforce	VERB
easat-9654	323	28	the	the	DET
easat-9654	323	29	purpose	purpose	NOUN
easat-9654	323	30	limitation	limitation	NOUN
easat-9654	323	31	principle	principle	NOUN
easat-9654	323	32	under	under	ADP
easat-9654	323	33	article	article	NOUN
easat-9654	323	34	15	15	NUM
easat-9654	323	35	of	of	ADP
easat-9654	323	36	the	the	DET
easat-9654	323	37	yet	yet	ADV
easat-9654	323	38	-	-	PUNCT
easat-9654	323	39	to	to	PART
easat-9654	323	40	-	-	PUNCT
easat-9654	323	41	be	be	AUX
easat-9654	323	42	-	-	PUNCT
easat-9654	323	43	effective	effective	ADJ
easat-9654	323	44	personal	personal	ADJ
easat-9654	323	45	data	datum	NOUN
easat-9654	323	46	protection	protection	NOUN
easat-9654	323	47	law	law	NOUN
easat-9654	323	48	(	(	PUNCT
easat-9654	323	49	pdp	pdp	PROPN
easat-9654	323	50	law	law	PROPN
easat-9654	323	51	)	)	PUNCT
easat-9654	323	52	,	,	PUNCT
easat-9654	323	53	demonstrating	demonstrate	VERB
easat-9654	323	54	regulatory	regulatory	ADJ
easat-9654	323	55	foresight	foresight	NOUN
easat-9654	323	56	;	;	PUNCT
easat-9654	323	57	and	and	CCONJ
easat-9654	323	58	(	(	PUNCT
easat-9654	323	59	3	3	X
easat-9654	323	60	)	)	PUNCT
easat-9654	323	61	establishing	establish	VERB
easat-9654	323	62	an	an	DET
easat-9654	323	63	"	"	PUNCT
easat-9654	323	64	end	end	NOUN
easat-9654	323	65	-	-	PUNCT
easat-9654	323	66	to	to	ADP
easat-9654	323	67	-	-	PUNCT
easat-9654	323	68	end	end	NOUN
easat-9654	323	69	supervision	supervision	NOUN
easat-9654	323	70	"	"	PUNCT
easat-9654	323	71	standard	standard	NOUN
easat-9654	323	72	that	that	PRON
easat-9654	323	73	nullifies	nullify	VERB
easat-9654	323	74	financial	financial	ADJ
easat-9654	323	75	institutions	institution	NOUN
easat-9654	323	76	'	'	PART
easat-9654	323	77	attempts	attempt	NOUN
easat-9654	323	78	to	to	PART
easat-9654	323	79	transfer	transfer	VERB
easat-9654	323	80	compliance	compliance	NOUN
easat-9654	323	81	obligations	obligation	NOUN
easat-9654	323	82	through	through	ADP
easat-9654	323	83	outsourcing	outsourcing	NOUN
easat-9654	323	84	agreements	agreement	NOUN
easat-9654	323	85	.	.	PUNCT
easat-9654	324	1	in	in	ADP
easat-9654	324	2	terms	term	NOUN
easat-9654	324	3	of	of	ADP
easat-9654	324	4	governance	governance	NOUN
easat-9654	324	5	efficacy	efficacy	NOUN
easat-9654	324	6	,	,	PUNCT
easat-9654	324	7	while	while	SCONJ
easat-9654	324	8	the	the	DET
easat-9654	324	9	precise	precise	ADJ
easat-9654	324	10	penalty	penalty	NOUN
easat-9654	324	11	amount	amount	NOUN
easat-9654	324	12	remains	remain	VERB
easat-9654	324	13	undisclosed	undisclosed	ADJ
easat-9654	324	14	,	,	PUNCT
easat-9654	324	15	the	the	DET
easat-9654	324	16	interplay	interplay	NOUN
easat-9654	324	17	between	between	ADP
easat-9654	324	18	license	license	NOUN
easat-9654	324	19	revocation	revocation	NOUN
easat-9654	324	20	and	and	CCONJ
easat-9654	324	21	criminal	criminal	ADJ
easat-9654	324	22	prosecution	prosecution	NOUN
easat-9654	324	23	has	have	AUX
easat-9654	324	24	generated	generate	VERB
easat-9654	324	25	substantial	substantial	ADJ
easat-9654	324	26	deterrent	deterrent	NOUN
easat-9654	324	27	effects	effect	NOUN
easat-9654	324	28	.	.	PUNCT
easat-9654	325	1	4.2	4.2	NUM
easat-9654	325	2	.	.	PUNCT
easat-9654	326	1	the	the	DET
easat-9654	326	2	warning	warning	NOUN
easat-9654	326	3	from	from	ADP
easat-9654	326	4	the	the	DET
easat-9654	326	5	compliance	compliance	NOUN
easat-9654	326	6	dispute	dispute	NOUN
easat-9654	326	7	incident	incident	NOUN
easat-9654	326	8	of	of	ADP
easat-9654	326	9	akulaku	akulaku	PROPN
easat-9654	326	10	company	company	PROPN
easat-9654	326	11	akulaku	akulaku	PROPN
easat-9654	326	12	is	be	AUX
easat-9654	326	13	a	a	DET
easat-9654	326	14	well	well	ADV
easat-9654	326	15	-	-	PUNCT
easat-9654	326	16	known	know	VERB
easat-9654	326	17	entity	entity	NOUN
easat-9654	326	18	in	in	ADP
easat-9654	326	19	the	the	DET
easat-9654	326	20	fintech	fintech	NOUN
easat-9654	326	21	industry	industry	NOUN
easat-9654	326	22	of	of	ADP
easat-9654	326	23	emerging	emerge	VERB
easat-9654	326	24	southeast	southeast	ADJ
easat-9654	326	25	asian	asian	ADJ
easat-9654	326	26	countries	country	NOUN
easat-9654	326	27	.	.	PUNCT
easat-9654	327	1	the	the	DET
easat-9654	327	2	company	company	NOUN
easat-9654	327	3	was	be	AUX
easat-9654	327	4	established	establish	VERB
easat-9654	327	5	in	in	ADP
easat-9654	327	6	2014	2014	NUM
easat-9654	327	7	as	as	ADP
easat-9654	327	8	a	a	DET
easat-9654	327	9	digital	digital	ADJ
easat-9654	327	10	credit	credit	NOUN
easat-9654	327	11	platform	platform	NOUN
easat-9654	327	12	named	name	VERB
easat-9654	327	13	silverr	silverr	ADV
easat-9654	327	14	.	.	PUNCT
easat-9654	328	1	after	after	ADP
easat-9654	328	2	a	a	DET
easat-9654	328	3	strategic	strategic	ADJ
easat-9654	328	4	transformation	transformation	NOUN
easat-9654	328	5	in	in	ADP
easat-9654	328	6	2016	2016	NUM
easat-9654	328	7	,	,	PUNCT
easat-9654	328	8	it	it	PRON
easat-9654	328	9	solidified	solidify	VERB
easat-9654	328	10	its	its	PRON
easat-9654	328	11	fintech	fintech	NOUN
easat-9654	328	12	positioning	positioning	NOUN
easat-9654	328	13	and	and	CCONJ
easat-9654	328	14	gradually	gradually	ADV
easat-9654	328	15	developed	develop	VERB
easat-9654	328	16	a	a	DET
easat-9654	328	17	licensing	licensing	NOUN
easat-9654	328	18	framework	framework	NOUN
easat-9654	328	19	covering	cover	VERB
easat-9654	328	20	southeast	southeast	ADJ
easat-9654	328	21	asian	asian	ADJ
easat-9654	328	22	countries	country	NOUN
easat-9654	328	23	such	such	ADJ
easat-9654	328	24	as	as	ADP
easat-9654	328	25	indonesia	indonesia	PROPN
easat-9654	328	26	:	:	PUNCT
easat-9654	328	27	it	it	PRON
easat-9654	328	28	obtained	obtain	VERB
easat-9654	328	29	multiple	multiple	ADJ
easat-9654	328	30	financial	financial	ADJ
easat-9654	328	31	licenses	license	NOUN
easat-9654	328	32	from	from	ADP
easat-9654	328	33	the	the	DET
easat-9654	328	34	indonesian	indonesian	ADJ
easat-9654	328	35	ojk	ojk	NOUN
easat-9654	328	36	,	,	PUNCT
easat-9654	328	37	a	a	DET
easat-9654	328	38	digital	digital	ADJ
easat-9654	328	39	credit	credit	NOUN
easat-9654	328	40	business	business	NOUN
easat-9654	328	41	license	license	NOUN
easat-9654	328	42	,	,	PUNCT
easat-9654	328	43	and	and	CCONJ
easat-9654	328	44	a	a	DET
easat-9654	328	45	cross	cross	ADJ
easat-9654	328	46	-	-	ADJ
easat-9654	328	47	border	border	ADJ
easat-9654	328	48	remittance	remittance	NOUN
easat-9654	328	49	and	and	CCONJ
easat-9654	328	50	financial	financial	ADJ
easat-9654	328	51	services	service	NOUN
easat-9654	328	52	license	license	NOUN
easat-9654	328	53	approved	approve	VERB
easat-9654	328	54	by	by	ADP
easat-9654	328	55	the	the	DET
easat-9654	328	56	central	central	ADJ
easat-9654	328	57	bank	bank	NOUN
easat-9654	328	58	of	of	ADP
easat-9654	328	59	the	the	DET
easat-9654	328	60	philippines	philippine	NOUN
easat-9654	328	61	(	(	PUNCT
easat-9654	328	62	bsp	bsp	NOUN
easat-9654	328	63	)	)	PUNCT
easat-9654	329	1	[	[	X
easat-9654	329	2	69	69	NUM
easat-9654	329	3	]	]	PUNCT
easat-9654	329	4	.	.	PUNCT
easat-9654	330	1	it	it	PRON
easat-9654	330	2	has	have	AUX
easat-9654	330	3	become	become	VERB
easat-9654	330	4	the	the	DET
easat-9654	330	5	only	only	ADJ
easat-9654	330	6	non	non	ADJ
easat-9654	330	7	-	-	ADJ
easat-9654	330	8	bank	bank	ADJ
easat-9654	330	9	financial	financial	ADJ
easat-9654	330	10	institution	institution	NOUN
easat-9654	330	11	in	in	ADP
easat-9654	330	12	the	the	DET
easat-9654	330	13	"	"	PUNCT
easat-9654	330	14	buy	buy	NOUN
easat-9654	330	15	now	now	ADV
easat-9654	330	16	,	,	PUNCT
easat-9654	330	17	pay	pay	VERB
easat-9654	330	18	later	later	ADV
easat-9654	330	19	"	"	PUNCT
easat-9654	330	20	(	(	PUNCT
easat-9654	330	21	bnpl	bnpl	NOUN
easat-9654	330	22	)	)	PUNCT
easat-9654	330	23	sector	sector	NOUN
easat-9654	330	24	in	in	ADP
easat-9654	330	25	southeast	southeast	PROPN
easat-9654	330	26	asia	asia	PROPN
easat-9654	330	27	to	to	PART
easat-9654	330	28	hold	hold	VERB
easat-9654	330	29	multiple	multiple	ADJ
easat-9654	330	30	financial	financial	ADJ
easat-9654	330	31	licenses	license	NOUN
easat-9654	330	32	in	in	ADP
easat-9654	330	33	indonesia	indonesia	PROPN
easat-9654	330	34	.	.	PUNCT
easat-9654	331	1	however	however	ADV
easat-9654	331	2	,	,	PUNCT
easat-9654	331	3	its	its	PRON
easat-9654	331	4	regulatory	regulatory	ADJ
easat-9654	331	5	process	process	NOUN
easat-9654	331	6	exhibits	exhibit	VERB
easat-9654	331	7	typical	typical	ADJ
easat-9654	331	8	three	three	NUM
easat-9654	331	9	-	-	PUNCT
easat-9654	331	10	stage	stage	NOUN
easat-9654	331	11	characteristics	characteristic	NOUN
easat-9654	331	12	:	:	PUNCT
easat-9654	331	13	ⅰ.	ⅰ.	VERB
easat-9654	331	14	the	the	DET
easat-9654	331	15	first	first	ADJ
easat-9654	331	16	compliance	compliance	NOUN
easat-9654	331	17	issue	issue	NOUN
easat-9654	331	18	(	(	PUNCT
easat-9654	331	19	2017	2017	NUM
easat-9654	331	20	-	-	SYM
easat-9654	331	21	2019	2019	NUM
easat-9654	331	22	):	):	PUNCT
easat-9654	331	23	akulaku	akulaku	PROPN
easat-9654	331	24	was	be	AUX
easat-9654	331	25	one	one	NUM
easat-9654	331	26	of	of	ADP
easat-9654	331	27	the	the	DET
easat-9654	331	28	p2p	p2p	NOUN
easat-9654	331	29	platforms	platform	NOUN
easat-9654	331	30	that	that	PRON
easat-9654	331	31	received	receive	VERB
easat-9654	331	32	the	the	DET
easat-9654	331	33	most	most	ADJ
easat-9654	331	34	complaints	complaint	NOUN
easat-9654	331	35	from	from	ADP
easat-9654	331	36	the	the	DET
easat-9654	331	37	indonesian	indonesian	ADJ
easat-9654	331	38	consumers	consumers	PROPN
easat-9654	331	39	association	association	PROPN
easat-9654	331	40	around	around	ADP
easat-9654	331	41	2018	2018	NUM
easat-9654	332	1	[	[	X
easat-9654	332	2	66	66	NUM
easat-9654	332	3	]	]	PUNCT
easat-9654	332	4	.	.	PUNCT
easat-9654	333	1	the	the	DET
easat-9654	333	2	platform	platform	NOUN
easat-9654	333	3	rapidly	rapidly	ADV
easat-9654	333	4	expanded	expand	VERB
easat-9654	333	5	in	in	ADP
easat-9654	333	6	the	the	DET
easat-9654	333	7	indonesian	indonesian	ADJ
easat-9654	333	8	market	market	NOUN
easat-9654	333	9	and	and	CCONJ
easat-9654	333	10	accumulated	accumulate	VERB
easat-9654	333	11	a	a	DET
easat-9654	333	12	large	large	ADJ
easat-9654	333	13	user	user	NOUN
easat-9654	333	14	base	base	NOUN
easat-9654	333	15	,	,	PUNCT
easat-9654	333	16	which	which	PRON
easat-9654	333	17	helped	help	VERB
easat-9654	333	18	it	it	PRON
easat-9654	333	19	quickly	quickly	ADV
easat-9654	333	20	gain	gain	VERB
easat-9654	333	21	market	market	NOUN
easat-9654	333	22	share	share	NOUN
easat-9654	333	23	.	.	PUNCT
easat-9654	334	1	however	however	ADV
easat-9654	334	2	,	,	PUNCT
easat-9654	334	3	the	the	DET
easat-9654	334	4	large	large	ADJ
easat-9654	334	5	number	number	NOUN
easat-9654	334	6	of	of	ADP
easat-9654	334	7	complaints	complaint	NOUN
easat-9654	334	8	indicated	indicate	VERB
easat-9654	334	9	that	that	SCONJ
easat-9654	334	10	the	the	DET
easat-9654	334	11	company	company	NOUN
easat-9654	334	12	had	have	VERB
easat-9654	334	13	some	some	DET
easat-9654	334	14	deficiencies	deficiency	NOUN
easat-9654	334	15	in	in	ADP
easat-9654	334	16	compliance	compliance	NOUN
easat-9654	334	17	,	,	PUNCT
easat-9654	334	18	user	user	NOUN
easat-9654	334	19	experience	experience	NOUN
easat-9654	334	20	,	,	PUNCT
easat-9654	334	21	risk	risk	NOUN
easat-9654	334	22	management	management	NOUN
easat-9654	334	23	,	,	PUNCT
easat-9654	334	24	and	and	CCONJ
easat-9654	334	25	practices	practice	NOUN
easat-9654	334	26	,	,	PUNCT
easat-9654	334	27	revealing	reveal	VERB
easat-9654	334	28	its	its	PRON
easat-9654	334	29	initial	initial	ADJ
easat-9654	334	30	insufficiency	insufficiency	NOUN
easat-9654	334	31	in	in	ADP
easat-9654	334	32	adapting	adapt	VERB
easat-9654	334	33	to	to	ADP
easat-9654	334	34	local	local	ADJ
easat-9654	334	35	rules	rule	NOUN
easat-9654	334	36	and	and	CCONJ
easat-9654	334	37	social	social	ADJ
easat-9654	334	38	norms	norm	NOUN
easat-9654	334	39	in	in	ADP
easat-9654	334	40	indonesia	indonesia	PROPN
easat-9654	334	41	.	.	PUNCT
easat-9654	335	1	ⅱ.	ⅱ.	ADJ
easat-9654	335	2	failure	failure	NOUN
easat-9654	335	3	of	of	ADP
easat-9654	335	4	risk	risk	NOUN
easat-9654	335	5	management	management	NOUN
easat-9654	335	6	system	system	NOUN
easat-9654	335	7	:	:	PUNCT
easat-9654	335	8	in	in	ADP
easat-9654	335	9	2020	2020	NUM
easat-9654	335	10	,	,	PUNCT
easat-9654	335	11	akulaku	akulaku	PROPN
easat-9654	335	12	faced	face	VERB
easat-9654	335	13	suspension	suspension	NOUN
easat-9654	335	14	of	of	ADP
easat-9654	335	15	its	its	PRON
easat-9654	335	16	primary	primary	ADJ
easat-9654	335	17	and	and	CCONJ
easat-9654	335	18	secondary	secondary	ADJ
easat-9654	335	19	market	market	NOUN
easat-9654	335	20	debt	debt	NOUN
easat-9654	335	21	financing	financing	NOUN
easat-9654	335	22	operations	operation	NOUN
easat-9654	335	23	by	by	ADP
easat-9654	335	24	mintos	mintos	ADJ
easat-9654	335	25	[	[	X
easat-9654	335	26	70	70	NUM
easat-9654	335	27	]	]	PUNCT
easat-9654	335	28	an	an	DET
easat-9654	335	29	international	international	ADJ
easat-9654	335	30	p2p	p2p	NOUN
easat-9654	335	31	lending	lending	NOUN
easat-9654	335	32	platform	platform	NOUN
easat-9654	335	33	,	,	PUNCT
easat-9654	335	34	due	due	ADJ
easat-9654	335	35	to	to	PART
easat-9654	335	36	"	"	PUNCT
easat-9654	335	37	default	default	NOUN
easat-9654	335	38	on	on	ADP
easat-9654	335	39	payment	payment	NOUN
easat-9654	335	40	settlements	settlement	NOUN
easat-9654	335	41	,	,	PUNCT
easat-9654	335	42	"	"	PUNCT
easat-9654	335	43	which	which	PRON
easat-9654	335	44	referred	refer	VERB
easat-9654	335	45	to	to	ADP
easat-9654	335	46	borrowers	borrower	NOUN
easat-9654	335	47	'	'	PART
easat-9654	335	48	failure	failure	NOUN
easat-9654	335	49	to	to	PART
easat-9654	335	50	fulfill	fulfill	VERB
easat-9654	335	51	repayment	repayment	NOUN
easat-9654	335	52	obligations	obligation	NOUN
easat-9654	335	53	on	on	ADP
easat-9654	335	54	schedule	schedule	NOUN
easat-9654	335	55	[	[	X
easat-9654	335	56	70	70	NUM
easat-9654	335	57	]	]	PUNCT
easat-9654	335	58	.	.	PUNCT
easat-9654	336	1	after	after	ADP
easat-9654	336	2	negotiations	negotiation	NOUN
easat-9654	336	3	,	,	PUNCT
easat-9654	336	4	akulaku	akulaku	PROPN
easat-9654	336	5	successfully	successfully	ADV
easat-9654	336	6	reached	reach	VERB
easat-9654	336	7	a	a	DET
easat-9654	336	8	debt	debt	NOUN
easat-9654	336	9	restructuring	restructuring	NOUN
easat-9654	336	10	agreement	agreement	NOUN
easat-9654	336	11	with	with	ADP
easat-9654	336	12	mintos	mintos	NUM
easat-9654	336	13	,	,	PUNCT
easat-9654	336	14	modifying	modify	VERB
easat-9654	336	15	the	the	DET
easat-9654	336	16	repayment	repayment	NOUN
easat-9654	336	17	schedule	schedule	NOUN
easat-9654	336	18	for	for	ADP
easat-9654	336	19	outstanding	outstanding	ADJ
easat-9654	336	20	principal	principal	NOUN
easat-9654	336	21	and	and	CCONJ
easat-9654	336	22	interest	interest	NOUN
easat-9654	336	23	,	,	PUNCT
easat-9654	336	24	with	with	ADP
easat-9654	336	25	the	the	DET
easat-9654	336	26	aim	aim	NOUN
easat-9654	336	27	of	of	ADP
easat-9654	336	28	completing	complete	VERB
easat-9654	336	29	the	the	DET
easat-9654	336	30	repayment	repayment	NOUN
easat-9654	336	31	of	of	ADP
easat-9654	336	32	the	the	DET
easat-9654	336	33	remaining	remain	VERB
easat-9654	336	34	debt	debt	NOUN
easat-9654	336	35	by	by	ADP
easat-9654	336	36	the	the	DET
easat-9654	336	37	end	end	NOUN
easat-9654	336	38	of	of	ADP
easat-9654	336	39	2021[71	2021[71	NUM
easat-9654	336	40	]	]	PUNCT
easat-9654	336	41	.	.	PUNCT
easat-9654	337	1	this	this	DET
easat-9654	337	2	incident	incident	NOUN
easat-9654	337	3	has	have	AUX
easat-9654	337	4	exposed	expose	VERB
easat-9654	337	5	the	the	DET
easat-9654	337	6	flaws	flaw	NOUN
easat-9654	337	7	in	in	ADP
easat-9654	337	8	the	the	DET
easat-9654	337	9	institution	institution	NOUN
easat-9654	337	10	's	's	PART
easat-9654	337	11	credit	credit	NOUN
easat-9654	337	12	risk	risk	NOUN
easat-9654	337	13	management	management	NOUN
easat-9654	337	14	framework	framework	NOUN
easat-9654	337	15	,	,	PUNCT
easat-9654	337	16	post	post	ADJ
easat-9654	337	17	-	-	ADJ
easat-9654	337	18	loan	loan	ADJ
easat-9654	337	19	asset	asset	NOUN
easat-9654	337	20	quality	quality	NOUN
easat-9654	337	21	monitoring	monitoring	NOUN
easat-9654	337	22	system	system	NOUN
easat-9654	337	23	and	and	CCONJ
easat-9654	337	24	capital	capital	NOUN
easat-9654	337	25	allocation	allocation	NOUN
easat-9654	337	26	strategy	strategy	NOUN
easat-9654	337	27	.	.	PUNCT
easat-9654	338	1	the	the	DET
easat-9654	338	2	continuous	continuous	ADJ
easat-9654	338	3	increase	increase	NOUN
easat-9654	338	4	in	in	ADP
easat-9654	338	5	the	the	DET
easat-9654	338	6	proportion	proportion	NOUN
easat-9654	338	7	of	of	ADP
easat-9654	338	8	overdue	overdue	ADJ
easat-9654	338	9	loans	loan	NOUN
easat-9654	338	10	may	may	AUX
easat-9654	338	11	lead	lead	VERB
easat-9654	338	12	to	to	ADP
easat-9654	338	13	a	a	DET
easat-9654	338	14	deterioration	deterioration	NOUN
easat-9654	338	15	in	in	ADP
easat-9654	338	16	its	its	PRON
easat-9654	338	17	credit	credit	NOUN
easat-9654	338	18	rating	rating	NOUN
easat-9654	338	19	by	by	ADP
easat-9654	338	20	international	international	ADJ
easat-9654	338	21	rating	rating	NOUN
easat-9654	338	22	agencies	agency	NOUN
easat-9654	338	23	and	and	CCONJ
easat-9654	338	24	prompt	prompt	VERB
easat-9654	338	25	it	it	PRON
easat-9654	338	26	to	to	PART
easat-9654	338	27	cease	cease	VERB
easat-9654	338	28	business	business	NOUN
easat-9654	338	29	cooperation	cooperation	NOUN
easat-9654	338	30	with	with	ADP
easat-9654	338	31	important	important	ADJ
easat-9654	338	32	partner	partner	NOUN
easat-9654	338	33	platforms	platform	NOUN
easat-9654	338	34	including	include	VERB
easat-9654	338	35	mintos	mintos	NUM
easat-9654	338	36	.	.	PUNCT
easat-9654	339	1	this	this	DET
easat-9654	339	2	chain	chain	NOUN
easat-9654	339	3	reaction	reaction	NOUN
easat-9654	339	4	indicates	indicate	VERB
easat-9654	339	5	that	that	SCONJ
easat-9654	339	6	there	there	PRON
easat-9654	339	7	is	be	VERB
easat-9654	339	8	a	a	DET
easat-9654	339	9	structural	structural	ADJ
easat-9654	339	10	contradiction	contradiction	NOUN
easat-9654	339	11	between	between	ADP
easat-9654	339	12	risk	risk	NOUN
easat-9654	339	13	exposure	exposure	NOUN
easat-9654	339	14	and	and	CCONJ
easat-9654	339	15	risk	risk	NOUN
easat-9654	339	16	management	management	NOUN
easat-9654	339	17	capabilities	capability	NOUN
easat-9654	339	18	during	during	ADP
easat-9654	339	19	the	the	DET
easat-9654	339	20	expansion	expansion	NOUN
easat-9654	339	21	process	process	NOUN
easat-9654	339	22	of	of	ADP
easat-9654	339	23	enterprises	enterprise	NOUN
easat-9654	339	24	.	.	PUNCT
easat-9654	340	1	ⅲ.	ⅲ.	NUM
easat-9654	340	2	enhanced	enhance	VERB
easat-9654	340	3	regulatory	regulatory	ADJ
easat-9654	340	4	scrutiny	scrutiny	NOUN
easat-9654	340	5	period	period	NOUN
easat-9654	340	6	(	(	PUNCT
easat-9654	340	7	2021	2021	NUM
easat-9654	340	8	-	-	SYM
easat-9654	340	9	2024	2024	NUM
easat-9654	340	10	):	):	PUNCT
easat-9654	340	11	following	follow	VERB
easat-9654	340	12	the	the	DET
easat-9654	340	13	enactment	enactment	NOUN
easat-9654	340	14	of	of	ADP
easat-9654	340	15	indonesia	indonesia	PROPN
easat-9654	340	16	's	's	PART
easat-9654	340	17	2021	2021	NUM
easat-9654	340	18	"	"	PUNCT
easat-9654	340	19	implementing	implement	VERB
easat-9654	340	20	regulations	regulation	NOUN
easat-9654	340	21	for	for	ADP
easat-9654	340	22	microfinance	microfinance	NOUN
easat-9654	340	23	institutions	institution	NOUN
easat-9654	340	24	"	"	PUNCT
easat-9654	340	25	(	(	PUNCT
easat-9654	340	26	pojk	pojk	PROPN
easat-9654	340	27	no	no	NOUN
easat-9654	340	28	.	.	NOUN
easat-9654	340	29	19	19	NUM
easat-9654	340	30	/	/	SYM
easat-9654	340	31	pojk.05/2021	pojk.05/2021	PROPN
easat-9654	340	32	)	)	PUNCT
easat-9654	340	33	,	,	PUNCT
easat-9654	340	34	the	the	DET
easat-9654	340	35	otoritas	otoritas	PROPN
easat-9654	340	36	jasa	jasa	PROPN
easat-9654	340	37	keuangan	keuangan	NOUN
easat-9654	340	38	(	(	PUNCT
easat-9654	340	39	ojk	ojk	NOUN
easat-9654	340	40	)	)	PUNCT
easat-9654	340	41	substantially	substantially	ADV
easat-9654	340	42	intensified	intensify	VERB
easat-9654	340	43	its	its	PRON
easat-9654	340	44	regulatory	regulatory	ADJ
easat-9654	340	45	focus	focus	NOUN
easat-9654	340	46	on	on	ADP
easat-9654	340	47	akulaku	akulaku	PROPN
easat-9654	340	48	.	.	PUNCT
easat-9654	341	1	on	on	ADP
easat-9654	341	2	october	october	PROPN
easat-9654	341	3	5	5	NUM
easat-9654	341	4	,	,	PUNCT
easat-9654	341	5	2023	2023	NUM
easat-9654	341	6	,	,	PUNCT
easat-9654	341	7	the	the	DET
easat-9654	341	8	ojk	ojk	NOUN
easat-9654	341	9	formally	formally	ADV
easat-9654	341	10	imposed	impose	VERB
easat-9654	341	11	an	an	DET
easat-9654	341	12	administrative	administrative	ADJ
easat-9654	341	13	prohibition	prohibition	NOUN
easat-9654	341	14	mandating	mandate	VERB
easat-9654	341	15	akulaku	akulaku	NOUN
easat-9654	341	16	to	to	PART
easat-9654	341	17	immediately	immediately	ADV
easat-9654	341	18	cease	cease	VERB
easat-9654	341	19	provision	provision	NOUN
easat-9654	341	20	of	of	ADP
easat-9654	341	21	"	"	PUNCT
easat-9654	341	22	buy	buy	VERB
easat-9654	341	23	now	now	ADV
easat-9654	341	24	,	,	PUNCT
easat-9654	341	25	pay	pay	VERB
easat-9654	341	26	later	later	ADV
easat-9654	341	27	"	"	PUNCT
easat-9654	341	28	(	(	PUNCT
easat-9654	341	29	bnpl	bnpl	NOUN
easat-9654	341	30	)	)	PUNCT
easat-9654	341	31	consumer	consumer	NOUN
easat-9654	341	32	credit	credit	NOUN
easat-9654	341	33	services	service	NOUN
easat-9654	341	34	to	to	ADP
easat-9654	341	35	all	all	DET
easat-9654	341	36	customers	customer	NOUN
easat-9654	341	37	,	,	PUNCT
easat-9654	341	38	both	both	CCONJ
easat-9654	341	39	new	new	ADJ
easat-9654	341	40	and	and	CCONJ
easat-9654	341	41	existing	exist	VERB
easat-9654	341	42	[	[	X
easat-9654	341	43	72	72	NUM
easat-9654	341	44	]	]	PUNCT
easat-9654	341	45	.	.	PUNCT
easat-9654	342	1	this	this	DET
easat-9654	342	2	regulatory	regulatory	ADJ
easat-9654	342	3	action	action	NOUN
easat-9654	342	4	was	be	AUX
easat-9654	342	5	initiated	initiate	VERB
easat-9654	342	6	following	follow	VERB
easat-9654	342	7	a	a	DET
easat-9654	342	8	compliance	compliance	NOUN
easat-9654	342	9	review	review	NOUN
easat-9654	342	10	by	by	ADP
easat-9654	342	11	the	the	DET
easat-9654	342	12	authorities	authority	NOUN
easat-9654	342	13	,	,	PUNCT
easat-9654	342	14	which	which	PRON
easat-9654	342	15	revealed	reveal	VERB
easat-9654	342	16	that	that	SCONJ
easat-9654	342	17	akulaku	akulaku	PROPN
easat-9654	342	18	had	have	VERB
easat-9654	342	19	"	"	PUNCT
easat-9654	342	20	systemic	systemic	ADJ
easat-9654	342	21	deficiencies	deficiency	NOUN
easat-9654	342	22	in	in	ADP
easat-9654	342	23	implementing	implement	VERB
easat-9654	342	24	regulatory	regulatory	ADJ
easat-9654	342	25	requirements	requirement	NOUN
easat-9654	342	26	"	"	PUNCT
easat-9654	342	27	,	,	PUNCT
easat-9654	342	28	particularly	particularly	ADV
easat-9654	342	29	significant	significant	ADJ
easat-9654	342	30	flaws	flaw	NOUN
easat-9654	342	31	in	in	ADP
easat-9654	342	32	its	its	PRON
easat-9654	342	33	risk	risk	NOUN
easat-9654	342	34	control	control	NOUN
easat-9654	342	35	systems	system	NOUN
easat-9654	342	36	,	,	PUNCT
easat-9654	342	37	including	include	VERB
easat-9654	342	38	post	post	ADJ
easat-9654	342	39	-	-	ADJ
easat-9654	342	40	loan	loan	ADJ
easat-9654	342	41	management	management	NOUN
easat-9654	342	42	and	and	CCONJ
easat-9654	342	43	joint	joint	ADJ
easat-9654	342	44	financing	financing	NOUN
easat-9654	342	45	.	.	PUNCT
easat-9654	343	1	this	this	DET
easat-9654	343	2	incident	incident	NOUN
easat-9654	343	3	highlights	highlight	NOUN
easat-9654	343	4	akulaku	akulaku	PROPN
easat-9654	343	5	's	's	PART
easat-9654	343	6	inadequate	inadequate	ADJ
easat-9654	343	7	risk	risk	NOUN
easat-9654	343	8	management	management	NOUN
easat-9654	343	9	and	and	CCONJ
easat-9654	343	10	post	post	ADJ
easat-9654	343	11	-	-	ADJ
easat-9654	343	12	loan	loan	ADJ
easat-9654	343	13	supervision	supervision	NOUN
easat-9654	343	14	,	,	PUNCT
easat-9654	343	15	poor	poor	ADJ
easat-9654	343	16	execution	execution	NOUN
easat-9654	343	17	of	of	ADP
easat-9654	343	18	regulatory	regulatory	ADJ
easat-9654	343	19	tasks	task	NOUN
easat-9654	343	20	in	in	ADP
easat-9654	343	21	borrower	borrower	NOUN
easat-9654	343	22	credit	credit	NOUN
easat-9654	343	23	assessment	assessment	NOUN
easat-9654	343	24	and	and	CCONJ
easat-9654	343	25	overdue	overdue	ADJ
easat-9654	343	26	collection	collection	NOUN
easat-9654	343	27	,	,	PUNCT
easat-9654	343	28	as	as	ADV
easat-9654	343	29	well	well	ADV
easat-9654	343	30	as	as	ADP
easat-9654	343	31	deficiencies	deficiency	NOUN
easat-9654	343	32	in	in	ADP
easat-9654	343	33	the	the	DET
easat-9654	343	34	framework	framework	NOUN
easat-9654	343	35	of	of	ADP
easat-9654	343	36	its	its	PRON
easat-9654	343	37	joint	joint	ADJ
easat-9654	343	38	financing	financing	NOUN
easat-9654	343	39	business	business	NOUN
easat-9654	343	40	.	.	PUNCT
easat-9654	344	1	the	the	DET
easat-9654	344	2	case	case	NOUN
easat-9654	344	3	of	of	ADP
easat-9654	344	4	akulaku	akulaku	PROPN
easat-9654	344	5	serves	serve	VERB
easat-9654	344	6	as	as	ADP
easat-9654	344	7	a	a	DET
easat-9654	344	8	warning	warning	NOUN
easat-9654	344	9	to	to	ADP
easat-9654	344	10	all	all	DET
easat-9654	344	11	chinese	chinese	ADJ
easat-9654	344	12	fintech	fintech	NOUN
easat-9654	344	13	enterprises	enterprise	NOUN
easat-9654	344	14	operating	operate	VERB
easat-9654	344	15	in	in	ADP
easat-9654	344	16	emerging	emerge	VERB
easat-9654	344	17	markets	market	NOUN
easat-9654	344	18	such	such	ADJ
easat-9654	344	19	as	as	ADP
easat-9654	344	20	indonesia	indonesia	PROPN
easat-9654	344	21	,	,	PUNCT
easat-9654	344	22	highlighting	highlight	VERB
easat-9654	344	23	the	the	DET
easat-9654	344	24	necessity	necessity	NOUN
easat-9654	344	25	for	for	SCONJ
easat-9654	344	26	companies	company	NOUN
easat-9654	344	27	to	to	PART
easat-9654	344	28	have	have	VERB
easat-9654	344	29	a	a	DET
easat-9654	344	30	thorough	thorough	ADJ
easat-9654	344	31	understanding	understanding	NOUN
easat-9654	344	32	of	of	ADP
easat-9654	344	33	and	and	CCONJ
easat-9654	344	34	proactively	proactively	ADV
easat-9654	344	35	adapt	adapt	VERB
easat-9654	344	36	to	to	ADP
easat-9654	344	37	local	local	ADJ
easat-9654	344	38	compliance	compliance	NOUN
easat-9654	344	39	policies	policy	NOUN
easat-9654	344	40	and	and	CCONJ
easat-9654	344	41	regulatory	regulatory	ADJ
easat-9654	344	42	frameworks	framework	NOUN
easat-9654	344	43	.	.	PUNCT
easat-9654	345	1	at	at	ADP
easat-9654	345	2	the	the	DET
easat-9654	345	3	same	same	ADJ
easat-9654	345	4	time	time	NOUN
easat-9654	345	5	,	,	PUNCT
easat-9654	345	6	they	they	PRON
easat-9654	345	7	1571	1571	NUM
easat-9654	345	8	edelweiss	edelweiss	PROPN
easat-9654	345	9	applied	apply	VERB
easat-9654	345	10	science	science	NOUN
easat-9654	345	11	and	and	CCONJ
easat-9654	345	12	technology	technology	NOUN
easat-9654	345	13	issn	issn	PROPN
easat-9654	345	14	:	:	PUNCT
easat-9654	345	15	2576	2576	NUM
easat-9654	345	16	-	-	SYM
easat-9654	345	17	8484	8484	NUM
easat-9654	345	18	vol	vol	NOUN
easat-9654	345	19	.	.	PROPN
easat-9654	346	1	9	9	NUM
easat-9654	346	2	,	,	PUNCT
easat-9654	346	3	no	no	INTJ
easat-9654	346	4	.	.	NOUN
easat-9654	346	5	8	8	NUM
easat-9654	346	6	:	:	SYM
easat-9654	346	7	1558	1558	NUM
easat-9654	346	8	-	-	SYM
easat-9654	346	9	1579	1579	NUM
easat-9654	346	10	,	,	PUNCT
easat-9654	346	11	2025	2025	NUM
easat-9654	346	12	doi	doi	NOUN
easat-9654	346	13	:	:	PUNCT
easat-9654	346	14	10.55214/2576	10.55214/2576	NUM
easat-9654	346	15	-	-	PUNCT
easat-9654	346	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	346	17	©	©	PROPN
easat-9654	346	18	2025	2025	NUM
easat-9654	346	19	by	by	ADP
easat-9654	346	20	the	the	DET
easat-9654	346	21	authors	author	NOUN
easat-9654	346	22	;	;	PUNCT
easat-9654	346	23	licensee	licensee	PROPN
easat-9654	346	24	learning	learning	NOUN
easat-9654	346	25	gate	gate	NOUN
easat-9654	346	26	should	should	AUX
easat-9654	346	27	promptly	promptly	ADV
easat-9654	346	28	revise	revise	VERB
easat-9654	346	29	their	their	PRON
easat-9654	346	30	risk	risk	NOUN
easat-9654	346	31	control	control	NOUN
easat-9654	346	32	and	and	CCONJ
easat-9654	346	33	compliance	compliance	NOUN
easat-9654	346	34	systems	system	NOUN
easat-9654	346	35	to	to	PART
easat-9654	346	36	effectively	effectively	ADV
easat-9654	346	37	reduce	reduce	VERB
easat-9654	346	38	compliance	compliance	NOUN
easat-9654	346	39	risks	risk	NOUN
easat-9654	346	40	and	and	CCONJ
easat-9654	346	41	achieve	achieve	VERB
easat-9654	346	42	sustainable	sustainable	ADJ
easat-9654	346	43	development	development	NOUN
easat-9654	346	44	.	.	PUNCT
easat-9654	347	1	5	5	X
easat-9654	347	2	.	.	X
easat-9654	347	3	countermeasures	countermeasure	NOUN
easat-9654	347	4	and	and	CCONJ
easat-9654	347	5	suggestions	suggestion	NOUN
easat-9654	347	6	for	for	ADP
easat-9654	347	7	chinese	chinese	ADJ
easat-9654	347	8	fintech	fintech	NOUN
easat-9654	347	9	enterprises	enterprise	NOUN
easat-9654	347	10	5.1	5.1	NUM
easat-9654	347	11	.	.	PUNCT
easat-9654	348	1	capacity	capacity	NOUN
easat-9654	348	2	building	building	NOUN
easat-9654	348	3	of	of	ADP
easat-9654	348	4	enterprises	enterprise	NOUN
easat-9654	348	5	themselves	themselves	PRON
easat-9654	348	6	in	in	ADP
easat-9654	348	7	the	the	DET
easat-9654	348	8	highly	highly	ADV
easat-9654	348	9	competitive	competitive	ADJ
easat-9654	348	10	fintech	fintech	NOUN
easat-9654	348	11	industry	industry	NOUN
easat-9654	348	12	in	in	ADP
easat-9654	348	13	indonesia	indonesia	PROPN
easat-9654	348	14	,	,	PUNCT
easat-9654	348	15	where	where	SCONJ
easat-9654	348	16	the	the	DET
easat-9654	348	17	regulatory	regulatory	ADJ
easat-9654	348	18	environment	environment	NOUN
easat-9654	348	19	is	be	AUX
easat-9654	348	20	complex	complex	ADJ
easat-9654	348	21	and	and	CCONJ
easat-9654	348	22	the	the	DET
easat-9654	348	23	market	market	NOUN
easat-9654	348	24	potential	potential	NOUN
easat-9654	348	25	is	be	AUX
easat-9654	348	26	huge	huge	ADJ
easat-9654	348	27	,	,	PUNCT
easat-9654	348	28	chinese	chinese	ADJ
easat-9654	348	29	-	-	PUNCT
easat-9654	348	30	funded	fund	VERB
easat-9654	348	31	enterprises	enterprise	NOUN
easat-9654	348	32	must	must	AUX
easat-9654	348	33	prioritize	prioritize	VERB
easat-9654	348	34	the	the	DET
easat-9654	348	35	development	development	NOUN
easat-9654	348	36	of	of	ADP
easat-9654	348	37	a	a	DET
easat-9654	348	38	proficient	proficient	ADJ
easat-9654	348	39	compliance	compliance	NOUN
easat-9654	348	40	team	team	NOUN
easat-9654	348	41	as	as	ADP
easat-9654	348	42	a	a	DET
easat-9654	348	43	key	key	ADJ
easat-9654	348	44	component	component	NOUN
easat-9654	348	45	of	of	ADP
easat-9654	348	46	their	their	PRON
easat-9654	348	47	corporate	corporate	ADJ
easat-9654	348	48	strategy	strategy	NOUN
easat-9654	348	49	.	.	PUNCT
easat-9654	349	1	the	the	DET
easat-9654	349	2	fundamental	fundamental	ADJ
easat-9654	349	3	value	value	NOUN
easat-9654	349	4	of	of	ADP
easat-9654	349	5	a	a	DET
easat-9654	349	6	localized	localize	VERB
easat-9654	349	7	compliance	compliance	NOUN
easat-9654	349	8	team	team	NOUN
easat-9654	349	9	lies	lie	VERB
easat-9654	349	10	in	in	ADP
easat-9654	349	11	their	their	PRON
easat-9654	349	12	ability	ability	NOUN
easat-9654	349	13	to	to	PART
easat-9654	349	14	successfully	successfully	ADV
easat-9654	349	15	resolve	resolve	VERB
easat-9654	349	16	the	the	DET
easat-9654	349	17	three	three	NUM
easat-9654	349	18	major	major	ADJ
easat-9654	349	19	paradoxes	paradox	NOUN
easat-9654	349	20	existing	exist	VERB
easat-9654	349	21	in	in	ADP
easat-9654	349	22	the	the	DET
easat-9654	349	23	country	country	NOUN
easat-9654	349	24	's	's	PART
easat-9654	349	25	fintech	fintech	NOUN
easat-9654	349	26	industry	industry	NOUN
easat-9654	349	27	.	.	PUNCT
easat-9654	350	1	firstly	firstly	ADV
easat-9654	350	2	,	,	PUNCT
easat-9654	350	3	addressing	address	VERB
easat-9654	350	4	compliance	compliance	NOUN
easat-9654	350	5	obstacles	obstacle	NOUN
easat-9654	350	6	stemming	stem	VERB
easat-9654	350	7	from	from	ADP
easat-9654	350	8	legal	legal	ADJ
easat-9654	350	9	uncertainties	uncertainty	NOUN
easat-9654	350	10	.	.	PUNCT
easat-9654	351	1	indonesia	indonesia	PROPN
easat-9654	351	2	's	's	PART
easat-9654	351	3	existing	exist	VERB
easat-9654	351	4	regulatory	regulatory	ADJ
easat-9654	351	5	framework	framework	NOUN
easat-9654	351	6	,	,	PUNCT
easat-9654	351	7	encompassing	encompass	VERB
easat-9654	351	8	the	the	DET
easat-9654	351	9	data	datum	NOUN
easat-9654	351	10	localization	localization	NOUN
easat-9654	351	11	act	act	NOUN
easat-9654	351	12	and	and	CCONJ
easat-9654	351	13	negative	negative	ADJ
easat-9654	351	14	investment	investment	NOUN
easat-9654	351	15	list	list	NOUN
easat-9654	351	16	,	,	PUNCT
easat-9654	351	17	permits	permit	VERB
easat-9654	351	18	significant	significant	ADJ
easat-9654	351	19	interpretative	interpretative	ADJ
easat-9654	351	20	latitude	latitude	NOUN
easat-9654	351	21	.	.	PUNCT
easat-9654	352	1	the	the	DET
easat-9654	352	2	application	application	NOUN
easat-9654	352	3	thresholds	threshold	NOUN
easat-9654	352	4	and	and	CCONJ
easat-9654	352	5	limitations	limitation	NOUN
easat-9654	352	6	of	of	ADP
easat-9654	352	7	cross	cross	ADJ
easat-9654	352	8	-	-	ADJ
easat-9654	352	9	border	border	ADJ
easat-9654	352	10	data	datum	NOUN
easat-9654	352	11	flow	flow	NOUN
easat-9654	352	12	restrictions	restriction	NOUN
easat-9654	352	13	and	and	CCONJ
easat-9654	352	14	prohibitions	prohibition	NOUN
easat-9654	352	15	on	on	ADP
easat-9654	352	16	foreign	foreign	ADJ
easat-9654	352	17	equity	equity	NOUN
easat-9654	352	18	holding	hold	VERB
easat-9654	352	19	through	through	ADP
easat-9654	352	20	proxy	proxy	ADJ
easat-9654	352	21	structures	structure	NOUN
easat-9654	352	22	occasionally	occasionally	ADV
easat-9654	352	23	exhibit	exhibit	VERB
easat-9654	352	24	ambiguity	ambiguity	NOUN
easat-9654	352	25	.	.	PUNCT
easat-9654	353	1	in	in	ADP
easat-9654	353	2	such	such	ADJ
easat-9654	353	3	contexts	context	NOUN
easat-9654	353	4	,	,	PUNCT
easat-9654	353	5	individuals	individual	NOUN
easat-9654	353	6	possessing	possess	VERB
easat-9654	353	7	comprehensive	comprehensive	ADJ
easat-9654	353	8	expertise	expertise	NOUN
easat-9654	353	9	in	in	ADP
easat-9654	353	10	local	local	ADJ
easat-9654	353	11	judicial	judicial	ADJ
easat-9654	353	12	systems	system	NOUN
easat-9654	353	13	can	can	AUX
easat-9654	353	14	furnish	furnish	VERB
easat-9654	353	15	precise	precise	ADJ
easat-9654	353	16	interpretations	interpretation	NOUN
easat-9654	353	17	of	of	ADP
easat-9654	353	18	pivotal	pivotal	ADJ
easat-9654	353	19	statutory	statutory	ADJ
easat-9654	353	20	provisions	provision	NOUN
easat-9654	353	21	,	,	PUNCT
easat-9654	353	22	enabling	enable	VERB
easat-9654	353	23	enterprises	enterprise	NOUN
easat-9654	353	24	to	to	PART
easat-9654	353	25	formulate	formulate	VERB
easat-9654	353	26	effective	effective	ADJ
easat-9654	353	27	compliance	compliance	NOUN
easat-9654	353	28	frameworks	framework	NOUN
easat-9654	353	29	.	.	PUNCT
easat-9654	354	1	secondly	secondly	ADV
easat-9654	354	2	,	,	PUNCT
easat-9654	354	3	addressing	address	VERB
easat-9654	354	4	cultural	cultural	ADJ
easat-9654	354	5	and	and	CCONJ
easat-9654	354	6	religious	religious	ADJ
easat-9654	354	7	disparities	disparity	NOUN
easat-9654	354	8	.	.	PUNCT
easat-9654	355	1	in	in	ADP
easat-9654	355	2	indonesia	indonesia	PROPN
easat-9654	355	3	,	,	PUNCT
easat-9654	355	4	where	where	SCONJ
easat-9654	355	5	the	the	DET
easat-9654	355	6	muslim	muslim	ADJ
easat-9654	355	7	population	population	NOUN
easat-9654	355	8	constitutes	constitute	VERB
easat-9654	355	9	an	an	DET
easat-9654	355	10	overwhelming	overwhelming	ADJ
easat-9654	355	11	majority	majority	NOUN
easat-9654	355	12	,	,	PUNCT
easat-9654	355	13	enterprises	enterprise	NOUN
easat-9654	355	14	must	must	AUX
easat-9654	355	15	effectively	effectively	ADV
easat-9654	355	16	reconcile	reconcile	VERB
easat-9654	355	17	the	the	DET
easat-9654	355	18	dual	dual	ADJ
easat-9654	355	19	legal	legal	ADJ
easat-9654	355	20	frameworks	framework	NOUN
easat-9654	355	21	of	of	ADP
easat-9654	355	22	islamic	islamic	ADJ
easat-9654	355	23	law	law	NOUN
easat-9654	355	24	and	and	CCONJ
easat-9654	355	25	secular	secular	ADJ
easat-9654	355	26	law	law	NOUN
easat-9654	355	27	.	.	PUNCT
easat-9654	356	1	cultural	cultural	ADJ
easat-9654	356	2	and	and	CCONJ
easat-9654	356	3	religious	religious	ADJ
easat-9654	356	4	differences	difference	NOUN
easat-9654	356	5	may	may	AUX
easat-9654	356	6	lead	lead	VERB
easat-9654	356	7	to	to	ADP
easat-9654	356	8	misjudgments	misjudgment	NOUN
easat-9654	356	9	in	in	ADP
easat-9654	356	10	human	human	ADJ
easat-9654	356	11	resource	resource	NOUN
easat-9654	356	12	management	management	NOUN
easat-9654	356	13	and	and	CCONJ
easat-9654	356	14	corporate	corporate	ADJ
easat-9654	356	15	operations	operation	NOUN
easat-9654	356	16	,	,	PUNCT
easat-9654	356	17	potentially	potentially	ADV
easat-9654	356	18	triggering	trigger	VERB
easat-9654	356	19	labor	labor	NOUN
easat-9654	356	20	disputes	dispute	NOUN
easat-9654	356	21	or	or	CCONJ
easat-9654	356	22	adverse	adverse	ADJ
easat-9654	356	23	regulatory	regulatory	ADJ
easat-9654	356	24	reactions	reaction	NOUN
easat-9654	356	25	.	.	PUNCT
easat-9654	357	1	for	for	ADP
easat-9654	357	2	instance	instance	NOUN
easat-9654	357	3	,	,	PUNCT
easat-9654	357	4	in	in	ADP
easat-9654	357	5	june	june	PROPN
easat-9654	357	6	2022	2022	NUM
easat-9654	357	7	,	,	PUNCT
easat-9654	357	8	indonesian	indonesian	ADJ
easat-9654	357	9	nightlife	nightlife	NOUN
easat-9654	357	10	chain	chain	NOUN
easat-9654	357	11	holywings	holywing	NOUN
easat-9654	357	12	launched	launch	VERB
easat-9654	357	13	a	a	DET
easat-9654	357	14	social	social	ADJ
easat-9654	357	15	media	media	NOUN
easat-9654	357	16	campaign	campaign	NOUN
easat-9654	357	17	offering	offer	VERB
easat-9654	357	18	complimentary	complimentary	ADJ
easat-9654	357	19	alcoholic	alcoholic	ADJ
easat-9654	357	20	beverages	beverage	NOUN
easat-9654	357	21	to	to	ADP
easat-9654	357	22	individuals	individual	NOUN
easat-9654	357	23	named	name	VERB
easat-9654	357	24	muhammad	muhammad	PROPN
easat-9654	357	25	(	(	PUNCT
easat-9654	357	26	male	male	NOUN
easat-9654	357	27	)	)	PUNCT
easat-9654	357	28	and	and	CCONJ
easat-9654	357	29	maria	maria	PROPN
easat-9654	357	30	(	(	PUNCT
easat-9654	357	31	female	female	NOUN
easat-9654	357	32	)	)	PUNCT
easat-9654	358	1	[	[	X
easat-9654	358	2	73	73	NUM
easat-9654	358	3	]	]	PUNCT
easat-9654	358	4	.	.	PUNCT
easat-9654	359	1	this	this	DET
easat-9654	359	2	marketing	marketing	NOUN
easat-9654	359	3	strategy	strategy	NOUN
easat-9654	359	4	was	be	AUX
easat-9654	359	5	regarded	regard	VERB
easat-9654	359	6	as	as	ADP
easat-9654	359	7	a	a	DET
easat-9654	359	8	"	"	PUNCT
easat-9654	359	9	blasphemy	blasphemy	NOUN
easat-9654	359	10	"	"	PUNCT
easat-9654	359	11	against	against	ADP
easat-9654	359	12	islam	islam	PROPN
easat-9654	359	13	and	and	CCONJ
easat-9654	359	14	quickly	quickly	ADV
easat-9654	359	15	aroused	arouse	VERB
easat-9654	359	16	intense	intense	ADJ
easat-9654	359	17	anger	anger	NOUN
easat-9654	359	18	.	.	PUNCT
easat-9654	360	1	as	as	ADP
easat-9654	360	2	a	a	DET
easat-9654	360	3	result	result	NOUN
easat-9654	360	4	,	,	PUNCT
easat-9654	360	5	six	six	NUM
easat-9654	360	6	new	new	ADJ
easat-9654	360	7	workers	worker	NOUN
easat-9654	360	8	were	be	AUX
easat-9654	360	9	charged	charge	VERB
easat-9654	360	10	with	with	ADP
easat-9654	360	11	blasphemy	blasphemy	NOUN
easat-9654	360	12	and	and	CCONJ
easat-9654	360	13	faced	face	VERB
easat-9654	360	14	up	up	ADP
easat-9654	360	15	to	to	PART
easat-9654	360	16	15	15	NUM
easat-9654	360	17	years	year	NOUN
easat-9654	360	18	in	in	ADP
easat-9654	360	19	prison	prison	NOUN
easat-9654	360	20	.	.	PUNCT
easat-9654	361	1	this	this	DET
easat-9654	361	2	incident	incident	NOUN
easat-9654	361	3	warns	warn	VERB
easat-9654	361	4	chinese	chinese	ADJ
easat-9654	361	5	-	-	PUNCT
easat-9654	361	6	funded	fund	VERB
easat-9654	361	7	companies	company	NOUN
easat-9654	361	8	that	that	SCONJ
easat-9654	361	9	if	if	SCONJ
easat-9654	361	10	they	they	PRON
easat-9654	361	11	do	do	AUX
easat-9654	361	12	not	not	PART
easat-9654	361	13	understand	understand	VERB
easat-9654	361	14	the	the	DET
easat-9654	361	15	religious	religious	ADJ
easat-9654	361	16	sensitivity	sensitivity	NOUN
easat-9654	361	17	of	of	ADP
easat-9654	361	18	indonesia	indonesia	PROPN
easat-9654	361	19	,	,	PUNCT
easat-9654	361	20	they	they	PRON
easat-9654	361	21	may	may	AUX
easat-9654	361	22	easily	easily	ADV
easat-9654	361	23	encounter	encounter	VERB
easat-9654	361	24	problems	problem	NOUN
easat-9654	361	25	.	.	PUNCT
easat-9654	362	1	from	from	ADP
easat-9654	362	2	a	a	DET
easat-9654	362	3	human	human	ADJ
easat-9654	362	4	resources	resource	NOUN
easat-9654	362	5	perspective	perspective	NOUN
easat-9654	362	6	,	,	PUNCT
easat-9654	362	7	it	it	PRON
easat-9654	362	8	includes	include	VERB
easat-9654	362	9	personal	personal	ADJ
easat-9654	362	10	responsibility	responsibility	NOUN
easat-9654	362	11	of	of	ADP
easat-9654	362	12	employees	employee	NOUN
easat-9654	362	13	,	,	PUNCT
easat-9654	362	14	insufficient	insufficient	ADJ
easat-9654	362	15	training	training	NOUN
easat-9654	362	16	,	,	PUNCT
easat-9654	362	17	delayed	delay	VERB
easat-9654	362	18	crisis	crisis	NOUN
easat-9654	362	19	communication	communication	NOUN
easat-9654	362	20	,	,	PUNCT
easat-9654	362	21	and	and	CCONJ
easat-9654	362	22	fintech	fintech	NOUN
easat-9654	362	23	regulatory	regulatory	ADJ
easat-9654	362	24	legal	legal	ADJ
easat-9654	362	25	violations	violation	NOUN
easat-9654	362	26	that	that	PRON
easat-9654	362	27	may	may	AUX
easat-9654	362	28	lead	lead	VERB
easat-9654	362	29	to	to	ADP
easat-9654	362	30	personal	personal	ADJ
easat-9654	362	31	criminal	criminal	ADJ
easat-9654	362	32	liability	liability	NOUN
easat-9654	362	33	.	.	PUNCT
easat-9654	363	1	therefore	therefore	ADV
easat-9654	363	2	,	,	PUNCT
easat-9654	363	3	it	it	PRON
easat-9654	363	4	is	be	AUX
easat-9654	363	5	necessary	necessary	ADJ
easat-9654	363	6	to	to	PART
easat-9654	363	7	hire	hire	VERB
easat-9654	363	8	local	local	ADJ
easat-9654	363	9	compliance	compliance	NOUN
easat-9654	363	10	teams	team	NOUN
easat-9654	363	11	to	to	PART
easat-9654	363	12	ensure	ensure	VERB
easat-9654	363	13	that	that	SCONJ
easat-9654	363	14	the	the	DET
easat-9654	363	15	company	company	NOUN
easat-9654	363	16	has	have	VERB
easat-9654	363	17	cross	cross	ADJ
easat-9654	363	18	-	-	ADJ
easat-9654	363	19	cultural	cultural	ADJ
easat-9654	363	20	communication	communication	NOUN
easat-9654	363	21	and	and	CCONJ
easat-9654	363	22	coordination	coordination	NOUN
easat-9654	363	23	capabilities	capability	NOUN
easat-9654	363	24	,	,	PUNCT
easat-9654	363	25	while	while	SCONJ
easat-9654	363	26	adhering	adhere	VERB
easat-9654	363	27	to	to	ADP
easat-9654	363	28	local	local	ADJ
easat-9654	363	29	regulations	regulation	NOUN
easat-9654	363	30	and	and	CCONJ
easat-9654	363	31	fully	fully	ADV
easat-9654	363	32	respecting	respect	VERB
easat-9654	363	33	and	and	CCONJ
easat-9654	363	34	adapting	adapt	VERB
easat-9654	363	35	to	to	ADP
easat-9654	363	36	local	local	ADJ
easat-9654	363	37	cultural	cultural	ADJ
easat-9654	363	38	and	and	CCONJ
easat-9654	363	39	religious	religious	ADJ
easat-9654	363	40	customs	custom	NOUN
easat-9654	363	41	.	.	PUNCT
easat-9654	364	1	thirdly	thirdly	ADV
easat-9654	364	2	,	,	PUNCT
easat-9654	364	3	establish	establish	VERB
easat-9654	364	4	and	and	CCONJ
easat-9654	364	5	improve	improve	VERB
easat-9654	364	6	the	the	DET
easat-9654	364	7	communication	communication	NOUN
easat-9654	364	8	bridge	bridge	NOUN
easat-9654	364	9	for	for	ADP
easat-9654	364	10	personnel	personnel	NOUN
easat-9654	364	11	exchanges	exchange	NOUN
easat-9654	364	12	between	between	ADP
easat-9654	364	13	the	the	DET
easat-9654	364	14	government	government	NOUN
easat-9654	364	15	and	and	CCONJ
easat-9654	364	16	enterprises	enterprise	NOUN
easat-9654	364	17	.	.	PUNCT
easat-9654	365	1	for	for	ADP
easat-9654	365	2	instance	instance	NOUN
easat-9654	365	3	,	,	PUNCT
easat-9654	365	4	by	by	ADP
easat-9654	365	5	recruiting	recruit	VERB
easat-9654	365	6	former	former	ADJ
easat-9654	365	7	officials	official	NOUN
easat-9654	365	8	from	from	ADP
easat-9654	365	9	regulatory	regulatory	ADJ
easat-9654	365	10	bodies	body	NOUN
easat-9654	365	11	such	such	ADJ
easat-9654	365	12	as	as	ADP
easat-9654	365	13	the	the	DET
easat-9654	365	14	indonesian	indonesian	ADJ
easat-9654	365	15	ojk	ojk	NOUN
easat-9654	365	16	and	and	CCONJ
easat-9654	365	17	the	the	DET
easat-9654	365	18	bi	bi	NOUN
easat-9654	365	19	,	,	PUNCT
easat-9654	365	20	or	or	CCONJ
easat-9654	365	21	experts	expert	NOUN
easat-9654	365	22	recognized	recognize	VERB
easat-9654	365	23	by	by	ADP
easat-9654	365	24	the	the	DET
easat-9654	365	25	indonesian	indonesian	PROPN
easat-9654	365	26	fintech	fintech	PROPN
easat-9654	365	27	association	association	NOUN
easat-9654	365	28	(	(	PUNCT
easat-9654	365	29	aftech	aftech	ADJ
easat-9654	365	30	)	)	PUNCT
easat-9654	365	31	,	,	PUNCT
easat-9654	365	32	enterprises	enterprise	NOUN
easat-9654	365	33	can	can	AUX
easat-9654	365	34	quickly	quickly	ADV
easat-9654	365	35	and	and	CCONJ
easat-9654	365	36	accurately	accurately	ADV
easat-9654	365	37	obtain	obtain	VERB
easat-9654	365	38	dynamic	dynamic	ADJ
easat-9654	365	39	policy	policy	NOUN
easat-9654	365	40	information	information	NOUN
easat-9654	365	41	and	and	CCONJ
easat-9654	365	42	participate	participate	VERB
easat-9654	365	43	in	in	ADP
easat-9654	365	44	the	the	DET
easat-9654	365	45	consultation	consultation	NOUN
easat-9654	365	46	and	and	CCONJ
easat-9654	365	47	formulation	formulation	NOUN
easat-9654	365	48	of	of	ADP
easat-9654	365	49	regulatory	regulatory	ADJ
easat-9654	365	50	sandbox	sandbox	NOUN
easat-9654	365	51	testing	testing	NOUN
easat-9654	365	52	regulations	regulation	NOUN
easat-9654	365	53	.	.	PUNCT
easat-9654	366	1	this	this	DET
easat-9654	366	2	comprehensive	comprehensive	ADJ
easat-9654	366	3	participation	participation	NOUN
easat-9654	366	4	enables	enable	VERB
easat-9654	366	5	companies	company	NOUN
easat-9654	366	6	to	to	PART
easat-9654	366	7	proactively	proactively	ADV
easat-9654	366	8	modify	modify	VERB
easat-9654	366	9	their	their	PRON
easat-9654	366	10	business	business	NOUN
easat-9654	366	11	plans	plan	NOUN
easat-9654	366	12	to	to	PART
easat-9654	366	13	comply	comply	VERB
easat-9654	366	14	with	with	ADP
easat-9654	366	15	regulatory	regulatory	ADJ
easat-9654	366	16	requirements	requirement	NOUN
easat-9654	366	17	,	,	PUNCT
easat-9654	366	18	thereby	thereby	ADV
easat-9654	366	19	significantly	significantly	ADV
easat-9654	366	20	reducing	reduce	VERB
easat-9654	366	21	the	the	DET
easat-9654	366	22	trial	trial	NOUN
easat-9654	366	23	-	-	PUNCT
easat-9654	366	24	and	and	CCONJ
easat-9654	366	25	-	-	PUNCT
easat-9654	366	26	error	error	NOUN
easat-9654	366	27	costs	cost	NOUN
easat-9654	366	28	associated	associate	VERB
easat-9654	366	29	with	with	ADP
easat-9654	366	30	policy	policy	NOUN
easat-9654	366	31	uncertainties	uncertainty	NOUN
easat-9654	366	32	.	.	PUNCT
easat-9654	367	1	to	to	PART
easat-9654	367	2	achieve	achieve	VERB
easat-9654	367	3	the	the	DET
easat-9654	367	4	above	above	ADJ
easat-9654	367	5	goals	goal	NOUN
easat-9654	367	6	,	,	PUNCT
easat-9654	367	7	the	the	DET
easat-9654	367	8	professional	professional	ADJ
easat-9654	367	9	compliance	compliance	NOUN
easat-9654	367	10	team	team	NOUN
easat-9654	367	11	needs	need	VERB
easat-9654	367	12	to	to	PART
easat-9654	367	13	fully	fully	ADV
easat-9654	367	14	cover	cover	VERB
easat-9654	367	15	the	the	DET
easat-9654	367	16	four	four	NUM
easat-9654	367	17	major	major	ADJ
easat-9654	367	18	strategic	strategic	ADJ
easat-9654	367	19	functions	function	NOUN
easat-9654	367	20	:	:	PUNCT
easat-9654	367	21	the	the	DET
easat-9654	367	22	team	team	NOUN
easat-9654	367	23	should	should	AUX
easat-9654	367	24	take	take	VERB
easat-9654	367	25	the	the	DET
easat-9654	367	26	lead	lead	NOUN
easat-9654	367	27	in	in	ADP
easat-9654	367	28	comprehensively	comprehensively	ADV
easat-9654	367	29	managing	manage	VERB
easat-9654	367	30	the	the	DET
easat-9654	367	31	regulatory	regulatory	ADJ
easat-9654	367	32	sandbox	sandbox	NOUN
easat-9654	367	33	tests	test	NOUN
easat-9654	367	34	,	,	PUNCT
easat-9654	367	35	including	include	VERB
easat-9654	367	36	optimizing	optimize	VERB
easat-9654	367	37	and	and	CCONJ
easat-9654	367	38	iterating	iterate	VERB
easat-9654	367	39	the	the	DET
easat-9654	367	40	plan	plan	NOUN
easat-9654	367	41	in	in	ADP
easat-9654	367	42	the	the	DET
easat-9654	367	43	pre	pre	ADJ
easat-9654	367	44	-	-	ADJ
easat-9654	367	45	review	review	ADJ
easat-9654	367	46	stage	stage	NOUN
easat-9654	367	47	,	,	PUNCT
easat-9654	367	48	systematically	systematically	ADV
easat-9654	367	49	establishing	establish	VERB
easat-9654	367	50	an	an	DET
easat-9654	367	51	antimoney	antimoney	NOUN
easat-9654	367	52	laundering	laundering	NOUN
easat-9654	367	53	(	(	PUNCT
easat-9654	367	54	aml	aml	PROPN
easat-9654	367	55	)	)	PUNCT
easat-9654	367	56	framework	framework	NOUN
easat-9654	367	57	,	,	PUNCT
easat-9654	367	58	and	and	CCONJ
easat-9654	367	59	meticulously	meticulously	ADV
easat-9654	367	60	designing	design	VERB
easat-9654	367	61	consumer	consumer	NOUN
easat-9654	367	62	protection	protection	NOUN
easat-9654	367	63	mechanisms	mechanism	NOUN
easat-9654	367	64	.	.	PUNCT
easat-9654	368	1	special	special	ADJ
easat-9654	368	2	emphasis	emphasis	NOUN
easat-9654	368	3	must	must	AUX
easat-9654	368	4	be	be	AUX
easat-9654	368	5	placed	place	VERB
easat-9654	368	6	on	on	ADP
easat-9654	368	7	local	local	ADJ
easat-9654	368	8	risks	risk	NOUN
easat-9654	368	9	,	,	PUNCT
easat-9654	368	10	including	include	VERB
easat-9654	368	11	preventing	prevent	VERB
easat-9654	368	12	aggressive	aggressive	ADJ
easat-9654	368	13	debt	debt	NOUN
easat-9654	368	14	collection	collection	NOUN
easat-9654	368	15	and	and	CCONJ
easat-9654	368	16	other	other	ADJ
easat-9654	368	17	behaviors	behavior	NOUN
easat-9654	368	18	that	that	PRON
easat-9654	368	19	may	may	AUX
easat-9654	368	20	trigger	trigger	VERB
easat-9654	368	21	social	social	ADJ
easat-9654	368	22	controversy	controversy	NOUN
easat-9654	368	23	,	,	PUNCT
easat-9654	368	24	to	to	PART
easat-9654	368	25	ensure	ensure	VERB
easat-9654	368	26	that	that	SCONJ
easat-9654	368	27	the	the	DET
easat-9654	368	28	company	company	NOUN
easat-9654	368	29	's	's	PART
easat-9654	368	30	business	business	NOUN
easat-9654	368	31	practices	practice	NOUN
easat-9654	368	32	comply	comply	VERB
easat-9654	368	33	with	with	ADP
easat-9654	368	34	local	local	ADJ
easat-9654	368	35	regulatory	regulatory	ADJ
easat-9654	368	36	standards	standard	NOUN
easat-9654	368	37	and	and	CCONJ
easat-9654	368	38	social	social	ADJ
easat-9654	368	39	ethical	ethical	ADJ
easat-9654	368	40	norms	norm	NOUN
easat-9654	368	41	.	.	PUNCT
easat-9654	369	1	secondly	secondly	ADV
easat-9654	369	2	,	,	PUNCT
easat-9654	369	3	the	the	DET
easat-9654	369	4	team	team	NOUN
easat-9654	369	5	must	must	AUX
easat-9654	369	6	design	design	VERB
easat-9654	369	7	a	a	DET
easat-9654	369	8	legal	legal	ADJ
easat-9654	369	9	and	and	CCONJ
easat-9654	369	10	compliant	compliant	ADJ
easat-9654	369	11	cross	cross	ADJ
easat-9654	369	12	-	-	ADJ
easat-9654	369	13	border	border	ADJ
easat-9654	369	14	optimized	optimize	VERB
easat-9654	369	15	equity	equity	NOUN
easat-9654	369	16	structure	structure	NOUN
easat-9654	369	17	that	that	PRON
easat-9654	369	18	conforms	conform	VERB
easat-9654	369	19	to	to	ADP
easat-9654	369	20	indonesia	indonesia	PROPN
easat-9654	369	21	's	's	PART
easat-9654	369	22	foreign	foreign	ADJ
easat-9654	369	23	investment	investment	NOUN
easat-9654	369	24	restrictions	restriction	NOUN
easat-9654	369	25	,	,	PUNCT
easat-9654	369	26	ensuring	ensure	VERB
easat-9654	369	27	effective	effective	ADJ
easat-9654	369	28	resource	resource	NOUN
easat-9654	369	29	allocation	allocation	NOUN
easat-9654	369	30	while	while	SCONJ
easat-9654	369	31	1572	1572	NUM
easat-9654	369	32	edelweiss	edelweiss	PROPN
easat-9654	369	33	applied	apply	VERB
easat-9654	369	34	science	science	NOUN
easat-9654	369	35	and	and	CCONJ
easat-9654	369	36	technology	technology	NOUN
easat-9654	369	37	issn	issn	PROPN
easat-9654	369	38	:	:	PUNCT
easat-9654	369	39	2576	2576	NUM
easat-9654	369	40	-	-	SYM
easat-9654	369	41	8484	8484	NUM
easat-9654	369	42	vol	vol	NOUN
easat-9654	369	43	.	.	PROPN
easat-9654	370	1	9	9	NUM
easat-9654	370	2	,	,	PUNCT
easat-9654	370	3	no	no	INTJ
easat-9654	370	4	.	.	NOUN
easat-9654	370	5	8	8	NUM
easat-9654	370	6	:	:	SYM
easat-9654	370	7	1558	1558	NUM
easat-9654	370	8	-	-	SYM
easat-9654	370	9	1579	1579	NUM
easat-9654	370	10	,	,	PUNCT
easat-9654	370	11	2025	2025	NUM
easat-9654	370	12	doi	doi	NOUN
easat-9654	370	13	:	:	PUNCT
easat-9654	370	14	10.55214/2576	10.55214/2576	NUM
easat-9654	370	15	-	-	PUNCT
easat-9654	370	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	370	17	©	©	PROPN
easat-9654	370	18	2025	2025	NUM
easat-9654	370	19	by	by	ADP
easat-9654	370	20	the	the	DET
easat-9654	370	21	authors	author	NOUN
easat-9654	370	22	;	;	PUNCT
easat-9654	370	23	licensee	licensee	PROPN
easat-9654	370	24	learning	learn	VERB
easat-9654	370	25	gate	gate	PROPN
easat-9654	370	26	meeting	meet	VERB
easat-9654	370	27	regulatory	regulatory	ADJ
easat-9654	370	28	requirements	requirement	NOUN
easat-9654	370	29	.	.	PUNCT
easat-9654	371	1	at	at	ADP
easat-9654	371	2	the	the	DET
easat-9654	371	3	same	same	ADJ
easat-9654	371	4	time	time	NOUN
easat-9654	371	5	,	,	PUNCT
easat-9654	371	6	to	to	PART
easat-9654	371	7	address	address	VERB
easat-9654	371	8	the	the	DET
easat-9654	371	9	indonesian	indonesian	ADJ
easat-9654	371	10	rupiah	rupiah	PROPN
easat-9654	371	11	's	's	PART
easat-9654	371	12	mandatory	mandatory	ADJ
easat-9654	371	13	settlement	settlement	NOUN
easat-9654	371	14	system	system	NOUN
easat-9654	371	15	,	,	PUNCT
easat-9654	371	16	a	a	DET
easat-9654	371	17	systematic	systematic	ADJ
easat-9654	371	18	and	and	CCONJ
easat-9654	371	19	reasonable	reasonable	ADJ
easat-9654	371	20	currency	currency	NOUN
easat-9654	371	21	exchange	exchange	NOUN
easat-9654	371	22	rate	rate	NOUN
easat-9654	371	23	hedging	hedging	NOUN
easat-9654	371	24	strategy	strategy	NOUN
easat-9654	371	25	must	must	AUX
easat-9654	371	26	be	be	AUX
easat-9654	371	27	formulated	formulate	VERB
easat-9654	371	28	to	to	PART
easat-9654	371	29	mitigate	mitigate	VERB
easat-9654	371	30	the	the	DET
easat-9654	371	31	impact	impact	NOUN
easat-9654	371	32	of	of	ADP
easat-9654	371	33	exchange	exchange	NOUN
easat-9654	371	34	rate	rate	NOUN
easat-9654	371	35	fluctuations	fluctuation	NOUN
easat-9654	371	36	on	on	ADP
easat-9654	371	37	the	the	DET
easat-9654	371	38	company	company	NOUN
easat-9654	371	39	's	's	PART
easat-9654	371	40	financial	financial	ADJ
easat-9654	371	41	situation	situation	NOUN
easat-9654	371	42	.	.	PUNCT
easat-9654	372	1	in	in	ADP
easat-9654	372	2	addition	addition	NOUN
easat-9654	372	3	,	,	PUNCT
easat-9654	372	4	the	the	DET
easat-9654	372	5	team	team	NOUN
easat-9654	372	6	should	should	AUX
easat-9654	372	7	advocate	advocate	VERB
easat-9654	372	8	for	for	ADP
easat-9654	372	9	the	the	DET
easat-9654	372	10	implementation	implementation	NOUN
easat-9654	372	11	of	of	ADP
easat-9654	372	12	ai	ai	NOUN
easat-9654	372	13	-	-	PUNCT
easat-9654	372	14	driven	drive	VERB
easat-9654	372	15	know	know	VERB
easat-9654	372	16	your	your	PRON
easat-9654	372	17	customer	customer	NOUN
easat-9654	372	18	(	(	PUNCT
easat-9654	372	19	kyc	kyc	PROPN
easat-9654	372	20	)	)	PUNCT
easat-9654	372	21	and	and	CCONJ
easat-9654	372	22	anti	anti	ADJ
easat-9654	372	23	-	-	ADJ
easat-9654	372	24	money	money	ADJ
easat-9654	372	25	laundering	laundering	NOUN
easat-9654	372	26	(	(	PUNCT
easat-9654	372	27	aml	aml	PROPN
easat-9654	372	28	)	)	PUNCT
easat-9654	372	29	technologies	technology	NOUN
easat-9654	372	30	to	to	PART
easat-9654	372	31	meet	meet	VERB
easat-9654	372	32	the	the	DET
easat-9654	372	33	strict	strict	ADJ
easat-9654	372	34	requirements	requirement	NOUN
easat-9654	372	35	of	of	ADP
easat-9654	372	36	regulatory	regulatory	ADJ
easat-9654	372	37	authorities	authority	NOUN
easat-9654	372	38	for	for	ADP
easat-9654	372	39	real	real	ADJ
easat-9654	372	40	-	-	PUNCT
easat-9654	372	41	time	time	NOUN
easat-9654	372	42	transaction	transaction	NOUN
easat-9654	372	43	monitoring	monitoring	NOUN
easat-9654	372	44	.	.	PUNCT
easat-9654	373	1	for	for	ADP
easat-9654	373	2	instance	instance	NOUN
easat-9654	373	3	,	,	PUNCT
easat-9654	373	4	tookitaki	tookitaki	NOUN
easat-9654	373	5	[	[	X
easat-9654	373	6	74	74	NUM
easat-9654	373	7	]	]	PUNCT
easat-9654	373	8	analysis	analysis	NOUN
easat-9654	373	9	indicates	indicate	VERB
easat-9654	373	10	that	that	SCONJ
easat-9654	373	11	fintech	fintech	NOUN
easat-9654	373	12	companies	company	NOUN
easat-9654	373	13	in	in	ADP
easat-9654	373	14	indonesia	indonesia	PROPN
easat-9654	373	15	face	face	VERB
easat-9654	373	16	significant	significant	ADJ
easat-9654	373	17	risks	risk	NOUN
easat-9654	373	18	in	in	ADP
easat-9654	373	19	consumer	consumer	NOUN
easat-9654	373	20	identity	identity	NOUN
easat-9654	373	21	verification	verification	NOUN
easat-9654	373	22	and	and	CCONJ
easat-9654	373	23	transaction	transaction	NOUN
easat-9654	373	24	monitoring	monitoring	NOUN
easat-9654	373	25	[	[	X
easat-9654	373	26	74	74	NUM
easat-9654	373	27	]	]	PUNCT
easat-9654	373	28	.	.	PUNCT
easat-9654	374	1	to	to	PART
easat-9654	374	2	address	address	VERB
easat-9654	374	3	these	these	DET
easat-9654	374	4	difficulties	difficulty	NOUN
easat-9654	374	5	,	,	PUNCT
easat-9654	374	6	some	some	DET
easat-9654	374	7	entities	entity	NOUN
easat-9654	374	8	have	have	AUX
easat-9654	374	9	implemented	implement	VERB
easat-9654	374	10	ai	ai	ADJ
easat-9654	374	11	-	-	PUNCT
easat-9654	374	12	driven	drive	VERB
easat-9654	374	13	transaction	transaction	NOUN
easat-9654	374	14	monitoring	monitoring	NOUN
easat-9654	374	15	systems	system	NOUN
easat-9654	374	16	and	and	CCONJ
easat-9654	374	17	customer	customer	NOUN
easat-9654	374	18	due	due	ADJ
easat-9654	374	19	diligence	diligence	NOUN
easat-9654	374	20	tools	tool	NOUN
easat-9654	374	21	,	,	PUNCT
easat-9654	374	22	which	which	PRON
easat-9654	374	23	use	use	VERB
easat-9654	374	24	machine	machine	NOUN
easat-9654	374	25	learning	learn	VERB
easat-9654	374	26	algorithms	algorithm	NOUN
easat-9654	374	27	to	to	PART
easat-9654	374	28	automatically	automatically	ADV
easat-9654	374	29	detect	detect	VERB
easat-9654	374	30	abnormal	abnormal	ADJ
easat-9654	374	31	patterns	pattern	NOUN
easat-9654	374	32	and	and	CCONJ
easat-9654	374	33	provide	provide	VERB
easat-9654	374	34	real	real	ADJ
easat-9654	374	35	-	-	PUNCT
easat-9654	374	36	time	time	NOUN
easat-9654	374	37	risk	risk	NOUN
easat-9654	374	38	warnings	warning	NOUN
easat-9654	374	39	.	.	PUNCT
easat-9654	375	1	in	in	ADP
easat-9654	375	2	conclusion	conclusion	NOUN
easat-9654	375	3	,	,	PUNCT
easat-9654	375	4	the	the	DET
easat-9654	375	5	continuous	continuous	ADJ
easat-9654	375	6	growth	growth	NOUN
easat-9654	375	7	of	of	ADP
easat-9654	375	8	chinese	chinese	PROPN
easat-9654	375	9	-	-	PUNCT
easat-9654	375	10	funded	fund	VERB
easat-9654	375	11	companies	company	NOUN
easat-9654	375	12	in	in	ADP
easat-9654	375	13	indonesia	indonesia	PROPN
easat-9654	375	14	's	's	PART
easat-9654	375	15	fintech	fintech	NOUN
easat-9654	375	16	system	system	NOUN
easat-9654	375	17	largely	largely	ADV
easat-9654	375	18	depends	depend	VERB
easat-9654	375	19	on	on	ADP
easat-9654	375	20	the	the	DET
easat-9654	375	21	strategic	strategic	ADJ
easat-9654	375	22	support	support	NOUN
easat-9654	375	23	of	of	ADP
easat-9654	375	24	skilled	skilled	ADJ
easat-9654	375	25	local	local	ADJ
easat-9654	375	26	compliance	compliance	NOUN
easat-9654	375	27	teams	team	NOUN
easat-9654	375	28	.	.	PUNCT
easat-9654	376	1	by	by	ADP
easat-9654	376	2	implementing	implement	VERB
easat-9654	376	3	a	a	DET
easat-9654	376	4	localized	localized	ADJ
easat-9654	376	5	compliance	compliance	NOUN
easat-9654	376	6	framework	framework	NOUN
easat-9654	376	7	that	that	PRON
easat-9654	376	8	includes	include	VERB
easat-9654	376	9	three	three	NUM
easat-9654	376	10	main	main	ADJ
easat-9654	376	11	strategic	strategic	ADJ
easat-9654	376	12	tasks	task	NOUN
easat-9654	376	13	,	,	PUNCT
easat-9654	376	14	enterprises	enterprise	NOUN
easat-9654	376	15	can	can	AUX
easat-9654	376	16	skillfully	skillfully	ADV
easat-9654	376	17	alleviate	alleviate	VERB
easat-9654	376	18	legal	legal	ADJ
easat-9654	376	19	,	,	PUNCT
easat-9654	376	20	cultural	cultural	ADJ
easat-9654	376	21	,	,	PUNCT
easat-9654	376	22	and	and	CCONJ
easat-9654	376	23	policy	policy	NOUN
easat-9654	376	24	concerns	concern	NOUN
easat-9654	376	25	while	while	SCONJ
easat-9654	376	26	ensuring	ensure	VERB
easat-9654	376	27	a	a	DET
easat-9654	376	28	competitive	competitive	ADJ
easat-9654	376	29	edge	edge	NOUN
easat-9654	376	30	in	in	ADP
easat-9654	376	31	the	the	DET
easat-9654	376	32	highly	highly	ADV
easat-9654	376	33	competitive	competitive	ADJ
easat-9654	376	34	market	market	NOUN
easat-9654	376	35	environment	environment	NOUN
easat-9654	376	36	.	.	PUNCT
easat-9654	377	1	5.2	5.2	NUM
easat-9654	377	2	.	.	PUNCT
easat-9654	377	3	enhancement	enhancement	NOUN
easat-9654	377	4	of	of	ADP
easat-9654	377	5	technology	technology	NOUN
easat-9654	377	6	and	and	CCONJ
easat-9654	377	7	data	datum	NOUN
easat-9654	377	8	management	management	NOUN
easat-9654	377	9	under	under	ADP
easat-9654	377	10	indonesia	indonesia	PROPN
easat-9654	377	11	's	's	PART
easat-9654	377	12	personal	personal	ADJ
easat-9654	377	13	data	datum	NOUN
easat-9654	377	14	protection	protection	NOUN
easat-9654	377	15	law	law	NOUN
easat-9654	377	16	(	(	PUNCT
easat-9654	377	17	pdp	pdp	PROPN
easat-9654	377	18	law	law	PROPN
easat-9654	377	19	)	)	PUNCT
easat-9654	377	20	,	,	PUNCT
easat-9654	377	21	chinese	chinese	PROPN
easat-9654	377	22	-	-	PUNCT
easat-9654	377	23	funded	fund	VERB
easat-9654	377	24	enterprises	enterprise	NOUN
easat-9654	377	25	encounter	encounter	VERB
easat-9654	377	26	multifaceted	multifaceted	ADJ
easat-9654	377	27	challenges	challenge	NOUN
easat-9654	377	28	including	include	VERB
easat-9654	377	29	restrictions	restriction	NOUN
easat-9654	377	30	on	on	ADP
easat-9654	377	31	cross	cross	ADJ
easat-9654	377	32	-	-	ADJ
easat-9654	377	33	border	border	ADJ
easat-9654	377	34	data	datum	NOUN
easat-9654	377	35	transfers	transfer	NOUN
easat-9654	377	36	,	,	PUNCT
easat-9654	377	37	data	datum	NOUN
easat-9654	377	38	localization	localization	NOUN
easat-9654	377	39	mandates	mandate	NOUN
easat-9654	377	40	,	,	PUNCT
easat-9654	377	41	and	and	CCONJ
easat-9654	377	42	compliance	compliance	NOUN
easat-9654	377	43	with	with	ADP
easat-9654	377	44	time	time	NOUN
easat-9654	377	45	-	-	PUNCT
easat-9654	377	46	sensitive	sensitive	ADJ
easat-9654	377	47	user	user	NOUN
easat-9654	377	48	rights	right	NOUN
easat-9654	377	49	requirements	requirement	NOUN
easat-9654	377	50	.	.	PUNCT
easat-9654	378	1	consequently	consequently	ADV
easat-9654	378	2	,	,	PUNCT
easat-9654	378	3	blockchain	blockchain	PROPN
easat-9654	378	4	technology	technology	PROPN
easat-9654	378	5	—	—	PUNCT
easat-9654	378	6	characterized	characterize	VERB
easat-9654	378	7	by	by	ADP
easat-9654	378	8	immutability	immutability	NOUN
easat-9654	378	9	,	,	PUNCT
easat-9654	378	10	traceability	traceability	NOUN
easat-9654	378	11	,	,	PUNCT
easat-9654	378	12	and	and	CCONJ
easat-9654	378	13	smart	smart	ADJ
easat-9654	378	14	contract	contract	NOUN
easat-9654	378	15	functionality	functionality	NOUN
easat-9654	378	16	—	—	PUNCT
easat-9654	378	17	may	may	AUX
easat-9654	378	18	serve	serve	VERB
easat-9654	378	19	as	as	ADP
easat-9654	378	20	a	a	DET
easat-9654	378	21	strategic	strategic	ADJ
easat-9654	378	22	tool	tool	NOUN
easat-9654	378	23	to	to	PART
easat-9654	378	24	mitigate	mitigate	VERB
easat-9654	378	25	compliance	compliance	NOUN
easat-9654	378	26	challenges	challenge	NOUN
easat-9654	378	27	,	,	PUNCT
easat-9654	378	28	provided	provide	VERB
easat-9654	378	29	it	it	PRON
easat-9654	378	30	is	be	AUX
easat-9654	378	31	meticulously	meticulously	ADV
easat-9654	378	32	structured	structure	VERB
easat-9654	378	33	to	to	PART
easat-9654	378	34	avoid	avoid	VERB
easat-9654	378	35	legal	legal	ADJ
easat-9654	378	36	infringements	infringement	NOUN
easat-9654	378	37	[	[	X
easat-9654	378	38	75	75	NUM
easat-9654	378	39	]	]	PUNCT
easat-9654	378	40	.	.	PUNCT
easat-9654	379	1	the	the	DET
easat-9654	379	2	fundamental	fundamental	ADJ
easat-9654	379	3	characteristic	characteristic	NOUN
easat-9654	379	4	of	of	ADP
easat-9654	379	5	blockchain	blockchain	PROPN
easat-9654	379	6	technology	technology	PROPN
easat-9654	379	7	lies	lie	VERB
easat-9654	379	8	in	in	ADP
easat-9654	379	9	its	its	PRON
easat-9654	379	10	distributed	distribute	VERB
easat-9654	379	11	ledger	ledger	NOUN
easat-9654	379	12	architecture	architecture	NOUN
easat-9654	379	13	,	,	PUNCT
easat-9654	379	14	which	which	PRON
easat-9654	379	15	establishes	establish	VERB
easat-9654	379	16	a	a	DET
easat-9654	379	17	framework	framework	NOUN
easat-9654	379	18	for	for	ADP
easat-9654	379	19	full	full	ADJ
easat-9654	379	20	traceability	traceability	NOUN
easat-9654	379	21	of	of	ADP
easat-9654	379	22	data	datum	NOUN
easat-9654	379	23	activities	activity	NOUN
easat-9654	379	24	—	—	PUNCT
easat-9654	379	25	a	a	DET
easat-9654	379	26	feature	feature	NOUN
easat-9654	379	27	directly	directly	ADV
easat-9654	379	28	relevant	relevant	ADJ
easat-9654	379	29	to	to	ADP
easat-9654	379	30	the	the	DET
easat-9654	379	31	mandatory	mandatory	ADJ
easat-9654	379	32	provisions	provision	NOUN
easat-9654	379	33	governing	govern	VERB
easat-9654	379	34	data	datum	NOUN
easat-9654	379	35	accuracy	accuracy	NOUN
easat-9654	379	36	and	and	CCONJ
easat-9654	379	37	security	security	NOUN
easat-9654	379	38	safeguards	safeguard	NOUN
easat-9654	379	39	under	under	ADP
easat-9654	379	40	indonesia	indonesia	PROPN
easat-9654	379	41	's	's	PART
easat-9654	379	42	pdp	pdp	PROPN
easat-9654	379	43	law	law	NOUN
easat-9654	379	44	.	.	PUNCT
easat-9654	380	1	from	from	ADP
easat-9654	380	2	a	a	DET
easat-9654	380	3	technical	technical	ADJ
easat-9654	380	4	architecture	architecture	NOUN
easat-9654	380	5	perspective	perspective	NOUN
easat-9654	380	6	,	,	PUNCT
easat-9654	380	7	implementing	implement	VERB
easat-9654	380	8	local	local	ADJ
easat-9654	380	9	nodes	node	NOUN
easat-9654	380	10	through	through	ADP
easat-9654	380	11	a	a	DET
easat-9654	380	12	private	private	ADJ
easat-9654	380	13	chain	chain	NOUN
easat-9654	380	14	framework	framework	NOUN
easat-9654	380	15	within	within	ADP
easat-9654	380	16	indonesia	indonesia	PROPN
easat-9654	380	17	constitutes	constitute	VERB
easat-9654	380	18	a	a	DET
easat-9654	380	19	practical	practical	ADJ
easat-9654	380	20	solution	solution	NOUN
easat-9654	380	21	.	.	PUNCT
easat-9654	381	1	by	by	ADP
easat-9654	381	2	employing	employ	VERB
easat-9654	381	3	encrypted	encrypt	VERB
easat-9654	381	4	sharding	sharding	NOUN
easat-9654	381	5	storage	storage	NOUN
easat-9654	381	6	technology	technology	NOUN
easat-9654	381	7	,	,	PUNCT
easat-9654	381	8	raw	raw	ADJ
easat-9654	381	9	data	datum	NOUN
easat-9654	381	10	remains	remains	AUX
easat-9654	381	11	stored	store	VERB
easat-9654	381	12	off	off	ADP
easat-9654	381	13	-	-	PUNCT
easat-9654	381	14	chain	chain	NOUN
easat-9654	381	15	while	while	SCONJ
easat-9654	381	16	hash	hash	NOUN
easat-9654	381	17	values	value	NOUN
easat-9654	381	18	of	of	ADP
easat-9654	381	19	critical	critical	ADJ
easat-9654	381	20	operational	operational	ADJ
easat-9654	381	21	processes	process	NOUN
easat-9654	381	22	are	be	AUX
easat-9654	381	23	recorded	record	VERB
easat-9654	381	24	onchain	onchain	ADJ
easat-9654	382	1	[	[	X
easat-9654	382	2	76	76	NUM
easat-9654	382	3	]	]	PUNCT
easat-9654	382	4	.	.	PUNCT
easat-9654	383	1	this	this	DET
easat-9654	383	2	storage	storage	NOUN
easat-9654	383	3	technology	technology	NOUN
easat-9654	383	4	ensures	ensure	VERB
easat-9654	383	5	local	local	ADJ
easat-9654	383	6	data	datum	NOUN
easat-9654	383	7	storage	storage	NOUN
easat-9654	383	8	and	and	CCONJ
easat-9654	383	9	processing	processing	NOUN
easat-9654	383	10	,	,	PUNCT
easat-9654	383	11	complying	comply	VERB
easat-9654	383	12	with	with	ADP
easat-9654	383	13	indonesia	indonesia	PROPN
easat-9654	383	14	's	's	PART
easat-9654	383	15	data	datum	NOUN
easat-9654	383	16	localization	localization	NOUN
easat-9654	383	17	legislation	legislation	NOUN
easat-9654	383	18	.	.	PUNCT
easat-9654	384	1	it	it	PRON
easat-9654	384	2	also	also	ADV
easat-9654	384	3	significantly	significantly	ADV
easat-9654	384	4	reduces	reduce	VERB
easat-9654	384	5	the	the	DET
easat-9654	384	6	risk	risk	NOUN
easat-9654	384	7	of	of	ADP
easat-9654	384	8	data	datum	NOUN
easat-9654	384	9	leakage	leakage	NOUN
easat-9654	384	10	through	through	ADP
easat-9654	384	11	encryption	encryption	NOUN
easat-9654	384	12	and	and	CCONJ
easat-9654	384	13	sharding	sharding	NOUN
easat-9654	384	14	techniques	technique	NOUN
easat-9654	384	15	.	.	PUNCT
easat-9654	385	1	the	the	DET
easat-9654	385	2	source	source	NOUN
easat-9654	385	3	data	datum	NOUN
easat-9654	385	4	remains	remain	VERB
easat-9654	385	5	off	off	ADP
easat-9654	385	6	-	-	PUNCT
easat-9654	385	7	chain	chain	NOUN
easat-9654	385	8	,	,	PUNCT
easat-9654	385	9	minimizing	minimize	VERB
easat-9654	385	10	direct	direct	ADJ
easat-9654	385	11	exposure	exposure	NOUN
easat-9654	385	12	within	within	ADP
easat-9654	385	13	the	the	DET
easat-9654	385	14	blockchain	blockchain	PROPN
easat-9654	385	15	network	network	NOUN
easat-9654	385	16	,	,	PUNCT
easat-9654	385	17	while	while	SCONJ
easat-9654	385	18	the	the	DET
easat-9654	385	19	on	on	ADP
easat-9654	385	20	-	-	PUNCT
easat-9654	385	21	chain	chain	NOUN
easat-9654	385	22	storage	storage	NOUN
easat-9654	385	23	of	of	ADP
easat-9654	385	24	hash	hash	NOUN
easat-9654	385	25	values	value	NOUN
easat-9654	385	26	for	for	ADP
easat-9654	385	27	key	key	ADJ
easat-9654	385	28	operations	operation	NOUN
easat-9654	385	29	guarantees	guarantee	VERB
easat-9654	385	30	data	datum	NOUN
easat-9654	385	31	traceability	traceability	NOUN
easat-9654	385	32	and	and	CCONJ
easat-9654	385	33	immutability	immutability	NOUN
easat-9654	385	34	,	,	PUNCT
easat-9654	385	35	thus	thus	ADV
easat-9654	385	36	achieving	achieve	VERB
easat-9654	385	37	a	a	DET
easat-9654	385	38	balance	balance	NOUN
easat-9654	385	39	between	between	ADP
easat-9654	385	40	data	datum	NOUN
easat-9654	385	41	security	security	NOUN
easat-9654	385	42	and	and	CCONJ
easat-9654	385	43	compliance	compliance	NOUN
easat-9654	385	44	.	.	PUNCT
easat-9654	386	1	meanwhile	meanwhile	ADV
easat-9654	386	2	,	,	PUNCT
easat-9654	386	3	the	the	DET
easat-9654	386	4	programmable	programmable	ADJ
easat-9654	386	5	feature	feature	NOUN
easat-9654	386	6	of	of	ADP
easat-9654	386	7	smart	smart	ADJ
easat-9654	386	8	contracts	contract	NOUN
easat-9654	386	9	is	be	AUX
easat-9654	386	10	an	an	DET
easat-9654	386	11	important	important	ADJ
easat-9654	386	12	catalyst	catalyst	NOUN
easat-9654	386	13	for	for	ADP
easat-9654	386	14	the	the	DET
easat-9654	386	15	application	application	NOUN
easat-9654	386	16	of	of	ADP
easat-9654	386	17	blockchain	blockchain	PROPN
easat-9654	386	18	technology	technology	PROPN
easat-9654	386	19	in	in	ADP
easat-9654	386	20	compliance	compliance	NOUN
easat-9654	386	21	procedures	procedure	NOUN
easat-9654	386	22	,	,	PUNCT
easat-9654	386	23	facilitating	facilitate	VERB
easat-9654	386	24	the	the	DET
easat-9654	386	25	effective	effective	ADJ
easat-9654	386	26	execution	execution	NOUN
easat-9654	386	27	of	of	ADP
easat-9654	386	28	basic	basic	ADJ
easat-9654	386	29	compliance	compliance	NOUN
easat-9654	386	30	tasks	task	NOUN
easat-9654	386	31	.	.	PUNCT
easat-9654	387	1	in	in	ADP
easat-9654	387	2	terms	term	NOUN
easat-9654	387	3	of	of	ADP
easat-9654	387	4	user	user	NOUN
easat-9654	387	5	consent	consent	NOUN
easat-9654	387	6	management	management	NOUN
easat-9654	387	7	,	,	PUNCT
easat-9654	387	8	smart	smart	ADJ
easat-9654	387	9	contracts	contract	NOUN
easat-9654	387	10	can	can	AUX
easat-9654	387	11	autonomously	autonomously	ADV
easat-9654	387	12	obtain	obtain	VERB
easat-9654	387	13	and	and	CCONJ
easat-9654	387	14	record	record	VERB
easat-9654	387	15	the	the	DET
easat-9654	387	16	consent	consent	NOUN
easat-9654	387	17	status	status	NOUN
easat-9654	387	18	of	of	ADP
easat-9654	387	19	users	user	NOUN
easat-9654	387	20	,	,	PUNCT
easat-9654	387	21	ensuring	ensure	VERB
easat-9654	387	22	that	that	SCONJ
easat-9654	387	23	companies	company	NOUN
easat-9654	387	24	have	have	VERB
easat-9654	387	25	the	the	DET
easat-9654	387	26	legal	legal	ADJ
easat-9654	387	27	authorization	authorization	NOUN
easat-9654	387	28	to	to	PART
easat-9654	387	29	collect	collect	VERB
easat-9654	387	30	,	,	PUNCT
easat-9654	387	31	use	use	NOUN
easat-9654	387	32	,	,	PUNCT
easat-9654	387	33	and	and	CCONJ
easat-9654	387	34	process	process	NOUN
easat-9654	387	35	user	user	NOUN
easat-9654	387	36	data	datum	NOUN
easat-9654	387	37	[	[	X
easat-9654	387	38	77	77	NUM
easat-9654	387	39	]	]	PUNCT
easat-9654	387	40	.	.	PUNCT
easat-9654	388	1	in	in	ADP
easat-9654	388	2	the	the	DET
easat-9654	388	3	context	context	NOUN
easat-9654	388	4	of	of	ADP
easat-9654	388	5	cross	cross	ADJ
easat-9654	388	6	-	-	ADJ
easat-9654	388	7	border	border	ADJ
easat-9654	388	8	data	datum	NOUN
easat-9654	388	9	transmission	transmission	NOUN
easat-9654	388	10	,	,	PUNCT
easat-9654	388	11	smart	smart	ADJ
easat-9654	388	12	contracts	contract	NOUN
easat-9654	388	13	can	can	AUX
easat-9654	388	14	independently	independently	ADV
easat-9654	388	15	verify	verify	VERB
easat-9654	388	16	the	the	DET
easat-9654	388	17	legality	legality	NOUN
easat-9654	388	18	of	of	ADP
easat-9654	388	19	the	the	DET
easat-9654	388	20	receiving	receive	VERB
easat-9654	388	21	party	party	NOUN
easat-9654	388	22	's	's	PART
easat-9654	388	23	agreement	agreement	NOUN
easat-9654	388	24	(	(	PUNCT
easat-9654	388	25	such	such	ADJ
easat-9654	388	26	as	as	ADP
easat-9654	388	27	the	the	DET
easat-9654	388	28	standard	standard	ADJ
easat-9654	388	29	contractual	contractual	ADJ
easat-9654	388	30	clauses	clause	NOUN
easat-9654	388	31	,	,	PUNCT
easat-9654	388	32	scc	scc	NOUN
easat-9654	388	33	)	)	PUNCT
easat-9654	388	34	and	and	CCONJ
easat-9654	388	35	record	record	VERB
easat-9654	388	36	the	the	DET
easat-9654	388	37	verification	verification	NOUN
easat-9654	388	38	results	result	NOUN
easat-9654	388	39	on	on	ADP
easat-9654	388	40	the	the	DET
easat-9654	388	41	blockchain	blockchain	NOUN
easat-9654	388	42	,	,	PUNCT
easat-9654	388	43	thereby	thereby	ADV
easat-9654	388	44	ensuring	ensure	VERB
easat-9654	388	45	compliance	compliance	NOUN
easat-9654	388	46	with	with	ADP
easat-9654	388	47	relevant	relevant	ADJ
easat-9654	388	48	laws	law	NOUN
easat-9654	388	49	and	and	CCONJ
easat-9654	388	50	regulations	regulation	NOUN
easat-9654	388	51	on	on	ADP
easat-9654	388	52	cross	cross	ADJ
easat-9654	388	53	-	-	ADJ
easat-9654	388	54	border	border	ADJ
easat-9654	388	55	data	datum	NOUN
easat-9654	388	56	transmission	transmission	NOUN
easat-9654	389	1	[	[	X
easat-9654	389	2	78	78	NUM
easat-9654	389	3	]	]	PUNCT
easat-9654	389	4	.	.	PUNCT
easat-9654	390	1	this	this	DET
easat-9654	390	2	automated	automate	VERB
easat-9654	390	3	regulatory	regulatory	ADJ
easat-9654	390	4	compliance	compliance	NOUN
easat-9654	390	5	process	process	NOUN
easat-9654	390	6	significantly	significantly	ADV
easat-9654	390	7	enhances	enhance	VERB
easat-9654	390	8	regulatory	regulatory	ADJ
easat-9654	390	9	compliance	compliance	NOUN
easat-9654	390	10	efficiency	efficiency	NOUN
easat-9654	390	11	while	while	SCONJ
easat-9654	390	12	reducing	reduce	VERB
easat-9654	390	13	human	human	ADJ
easat-9654	390	14	errors	error	NOUN
easat-9654	390	15	and	and	CCONJ
easat-9654	390	16	regulatory	regulatory	ADJ
easat-9654	390	17	compliance	compliance	NOUN
easat-9654	390	18	risks	risk	NOUN
easat-9654	390	19	.	.	PUNCT
easat-9654	391	1	in	in	ADP
easat-9654	391	2	addition	addition	NOUN
easat-9654	391	3	,	,	PUNCT
easat-9654	391	4	blockchain	blockchain	PROPN
easat-9654	391	5	technology	technology	NOUN
easat-9654	391	6	enables	enable	VERB
easat-9654	391	7	comprehensive	comprehensive	ADJ
easat-9654	391	8	data	datum	NOUN
easat-9654	391	9	traceability	traceability	NOUN
easat-9654	391	10	throughout	throughout	ADP
easat-9654	391	11	the	the	DET
easat-9654	391	12	entire	entire	ADJ
easat-9654	391	13	chain	chain	NOUN
easat-9654	391	14	,	,	PUNCT
easat-9654	391	15	facilitating	facilitate	VERB
easat-9654	391	16	the	the	DET
easat-9654	391	17	rapid	rapid	ADJ
easat-9654	391	18	generation	generation	NOUN
easat-9654	391	19	of	of	ADP
easat-9654	391	20	audit	audit	NOUN
easat-9654	391	21	reports	report	NOUN
easat-9654	391	22	.	.	PUNCT
easat-9654	392	1	in	in	ADP
easat-9654	392	2	the	the	DET
easat-9654	392	3	event	event	NOUN
easat-9654	392	4	of	of	ADP
easat-9654	392	5	data	datum	NOUN
easat-9654	392	6	leakage	leakage	NOUN
easat-9654	392	7	,	,	PUNCT
easat-9654	392	8	regulatory	regulatory	ADJ
easat-9654	392	9	authorities	authority	NOUN
easat-9654	392	10	and	and	CCONJ
easat-9654	392	11	enterprises	enterprise	NOUN
easat-9654	392	12	can	can	AUX
easat-9654	392	13	leverage	leverage	VERB
easat-9654	392	14	the	the	DET
easat-9654	392	15	traceability	traceability	NOUN
easat-9654	392	16	feature	feature	NOUN
easat-9654	392	17	of	of	ADP
easat-9654	392	18	blockchain	blockchain	PROPN
easat-9654	392	19	to	to	PART
easat-9654	392	20	quickly	quickly	ADV
easat-9654	392	21	identify	identify	VERB
easat-9654	392	22	abnormal	abnormal	ADJ
easat-9654	392	23	nodes	node	NOUN
easat-9654	392	24	,	,	PUNCT
easat-9654	392	25	promptly	promptly	ADV
easat-9654	392	26	determine	determine	VERB
easat-9654	392	27	the	the	DET
easat-9654	392	28	source	source	NOUN
easat-9654	392	29	and	and	CCONJ
easat-9654	392	30	transmission	transmission	NOUN
easat-9654	392	31	route	route	NOUN
easat-9654	392	32	of	of	ADP
easat-9654	392	33	the	the	DET
easat-9654	392	34	leakage	leakage	NOUN
easat-9654	392	35	,	,	PUNCT
easat-9654	392	36	thereby	thereby	ADV
easat-9654	392	37	significantly	significantly	ADV
easat-9654	392	38	reducing	reduce	VERB
easat-9654	392	39	the	the	DET
easat-9654	392	40	response	response	NOUN
easat-9654	392	41	time	time	NOUN
easat-9654	392	42	to	to	ADP
easat-9654	392	43	the	the	DET
easat-9654	392	44	incident	incident	NOUN
easat-9654	392	45	.	.	PUNCT
easat-9654	393	1	at	at	ADP
easat-9654	393	2	the	the	DET
easat-9654	393	3	same	same	ADJ
easat-9654	393	4	time	time	NOUN
easat-9654	393	5	,	,	PUNCT
easat-9654	393	6	the	the	DET
easat-9654	393	7	enhanced	enhanced	ADJ
easat-9654	393	8	degree	degree	NOUN
easat-9654	393	9	of	of	ADP
easat-9654	393	10	regulatory	regulatory	ADJ
easat-9654	393	11	openness	openness	NOUN
easat-9654	393	12	boosts	boost	VERB
easat-9654	393	13	the	the	DET
easat-9654	393	14	confidence	confidence	NOUN
easat-9654	393	15	of	of	ADP
easat-9654	393	16	regulatory	regulatory	ADJ
easat-9654	393	17	authorities	authority	NOUN
easat-9654	393	18	in	in	ADP
easat-9654	393	19	the	the	DET
easat-9654	393	20	data	data	NOUN
easat-9654	393	21	governance	governance	NOUN
easat-9654	393	22	of	of	ADP
easat-9654	393	23	1573	1573	NUM
easat-9654	393	24	edelweiss	edelweiss	PROPN
easat-9654	393	25	applied	apply	VERB
easat-9654	393	26	science	science	NOUN
easat-9654	393	27	and	and	CCONJ
easat-9654	393	28	technology	technology	NOUN
easat-9654	393	29	issn	issn	PROPN
easat-9654	393	30	:	:	PUNCT
easat-9654	393	31	2576	2576	NUM
easat-9654	393	32	-	-	SYM
easat-9654	393	33	8484	8484	NUM
easat-9654	393	34	vol	vol	NOUN
easat-9654	393	35	.	.	PROPN
easat-9654	394	1	9	9	NUM
easat-9654	394	2	,	,	PUNCT
easat-9654	394	3	no	no	INTJ
easat-9654	394	4	.	.	NOUN
easat-9654	394	5	8	8	NUM
easat-9654	394	6	:	:	SYM
easat-9654	394	7	1558	1558	NUM
easat-9654	394	8	-	-	SYM
easat-9654	394	9	1579	1579	NUM
easat-9654	394	10	,	,	PUNCT
easat-9654	394	11	2025	2025	NUM
easat-9654	394	12	doi	doi	NOUN
easat-9654	394	13	:	:	PUNCT
easat-9654	394	14	10.55214/2576	10.55214/2576	NUM
easat-9654	394	15	-	-	PUNCT
easat-9654	394	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	394	17	©	©	PROPN
easat-9654	394	18	2025	2025	NUM
easat-9654	394	19	by	by	ADP
easat-9654	394	20	the	the	DET
easat-9654	394	21	authors	author	NOUN
easat-9654	394	22	;	;	PUNCT
easat-9654	395	1	licensee	licensee	PROPN
easat-9654	395	2	learning	learn	VERB
easat-9654	395	3	gate	gate	NOUN
easat-9654	395	4	enterprises	enterprise	NOUN
easat-9654	395	5	,	,	PUNCT
easat-9654	395	6	further	far	ADV
easat-9654	395	7	encouraging	encourage	VERB
easat-9654	395	8	enterprises	enterprise	NOUN
easat-9654	395	9	to	to	PART
easat-9654	395	10	prioritize	prioritize	VERB
easat-9654	395	11	data	data	NOUN
easat-9654	395	12	security	security	NOUN
easat-9654	395	13	and	and	CCONJ
easat-9654	395	14	compliance	compliance	NOUN
easat-9654	395	15	management	management	NOUN
easat-9654	395	16	,	,	PUNCT
easat-9654	395	17	and	and	CCONJ
easat-9654	395	18	thus	thus	ADV
easat-9654	395	19	establishing	establish	VERB
easat-9654	395	20	a	a	DET
easat-9654	395	21	constructive	constructive	ADJ
easat-9654	395	22	regulatory	regulatory	ADJ
easat-9654	395	23	interaction	interaction	NOUN
easat-9654	395	24	system	system	NOUN
easat-9654	395	25	.	.	PUNCT
easat-9654	396	1	however	however	ADV
easat-9654	396	2	,	,	PUNCT
easat-9654	396	3	it	it	PRON
easat-9654	396	4	is	be	AUX
easat-9654	396	5	worth	worth	ADJ
easat-9654	396	6	noting	note	VERB
easat-9654	396	7	that	that	SCONJ
easat-9654	396	8	the	the	DET
easat-9654	396	9	compliance	compliance	NOUN
easat-9654	396	10	and	and	CCONJ
easat-9654	396	11	adaptive	adaptive	ADJ
easat-9654	396	12	risk	risk	NOUN
easat-9654	396	13	management	management	NOUN
easat-9654	396	14	of	of	ADP
easat-9654	396	15	blockchain	blockchain	PROPN
easat-9654	396	16	technology	technology	PROPN
easat-9654	396	17	must	must	AUX
easat-9654	396	18	be	be	AUX
easat-9654	396	19	advanced	advance	VERB
easat-9654	396	20	simultaneously	simultaneously	ADV
easat-9654	396	21	in	in	ADP
easat-9654	396	22	both	both	CCONJ
easat-9654	396	23	the	the	DET
easat-9654	396	24	technical	technical	ADJ
easat-9654	396	25	and	and	CCONJ
easat-9654	396	26	legal	legal	ADJ
easat-9654	396	27	fields	field	NOUN
easat-9654	396	28	to	to	PART
easat-9654	396	29	ensure	ensure	VERB
easat-9654	396	30	the	the	DET
easat-9654	396	31	legality	legality	NOUN
easat-9654	396	32	and	and	CCONJ
easat-9654	396	33	security	security	NOUN
easat-9654	396	34	of	of	ADP
easat-9654	396	35	the	the	DET
easat-9654	396	36	implementation	implementation	NOUN
easat-9654	396	37	of	of	ADP
easat-9654	396	38	blockchain	blockchain	PROPN
easat-9654	396	39	technology	technology	PROPN
easat-9654	396	40	.	.	PUNCT
easat-9654	397	1	from	from	ADP
easat-9654	397	2	a	a	DET
easat-9654	397	3	technical	technical	ADJ
easat-9654	397	4	perspective	perspective	NOUN
easat-9654	397	5	,	,	PUNCT
easat-9654	397	6	it	it	PRON
easat-9654	397	7	is	be	AUX
easat-9654	397	8	necessary	necessary	ADJ
easat-9654	397	9	to	to	PART
easat-9654	397	10	develop	develop	VERB
easat-9654	397	11	a	a	DET
easat-9654	397	12	key	key	ADJ
easat-9654	397	13	escrow	escrow	NOUN
easat-9654	397	14	method	method	NOUN
easat-9654	397	15	to	to	PART
easat-9654	397	16	facilitate	facilitate	VERB
easat-9654	397	17	data	datum	NOUN
easat-9654	397	18	erasure	erasure	NOUN
easat-9654	397	19	.	.	PUNCT
easat-9654	398	1	key	key	ADJ
easat-9654	398	2	escrow	escrow	NOUN
easat-9654	398	3	enables	enable	VERB
easat-9654	398	4	enterprises	enterprise	NOUN
easat-9654	398	5	to	to	PART
easat-9654	398	6	obtain	obtain	VERB
easat-9654	398	7	keys	key	NOUN
easat-9654	398	8	when	when	SCONJ
easat-9654	398	9	they	they	PRON
easat-9654	398	10	need	need	VERB
easat-9654	398	11	to	to	PART
easat-9654	398	12	delete	delete	VERB
easat-9654	398	13	or	or	CCONJ
easat-9654	398	14	access	access	NOUN
easat-9654	398	15	data	datum	NOUN
easat-9654	398	16	,	,	PUNCT
easat-9654	398	17	thereby	thereby	ADV
easat-9654	398	18	meeting	meet	VERB
easat-9654	398	19	the	the	DET
easat-9654	398	20	legitimate	legitimate	ADJ
easat-9654	398	21	requirements	requirement	NOUN
easat-9654	398	22	of	of	ADP
easat-9654	398	23	data	datum	NOUN
easat-9654	398	24	subjects	subject	NOUN
easat-9654	398	25	.	.	PUNCT
easat-9654	399	1	from	from	ADP
easat-9654	399	2	a	a	DET
easat-9654	399	3	legal	legal	ADJ
easat-9654	399	4	perspective	perspective	NOUN
easat-9654	399	5	,	,	PUNCT
easat-9654	399	6	enterprises	enterprise	NOUN
easat-9654	399	7	must	must	AUX
easat-9654	399	8	proactively	proactively	ADV
easat-9654	399	9	disclose	disclose	VERB
easat-9654	399	10	their	their	PRON
easat-9654	399	11	technical	technical	ADJ
easat-9654	399	12	solutions	solution	NOUN
easat-9654	399	13	to	to	ADP
easat-9654	399	14	the	the	DET
easat-9654	399	15	indonesian	indonesian	ADJ
easat-9654	399	16	data	data	PROPN
easat-9654	399	17	protection	protection	PROPN
easat-9654	399	18	agency	agency	PROPN
easat-9654	399	19	(	(	PUNCT
easat-9654	399	20	lembaga	lembaga	PROPN
easat-9654	399	21	)	)	PUNCT
easat-9654	399	22	and	and	CCONJ
easat-9654	399	23	cooperate	cooperate	VERB
easat-9654	399	24	with	with	ADP
easat-9654	399	25	regulatory	regulatory	ADJ
easat-9654	399	26	authorities	authority	NOUN
easat-9654	399	27	to	to	PART
easat-9654	399	28	ensure	ensure	VERB
easat-9654	399	29	compliance	compliance	NOUN
easat-9654	399	30	with	with	ADP
easat-9654	399	31	local	local	ADJ
easat-9654	399	32	laws	law	NOUN
easat-9654	399	33	,	,	PUNCT
easat-9654	399	34	regulations	regulation	NOUN
easat-9654	399	35	and	and	CCONJ
easat-9654	399	36	standards	standard	NOUN
easat-9654	399	37	.	.	PUNCT
easat-9654	400	1	at	at	ADP
easat-9654	400	2	the	the	DET
easat-9654	400	3	same	same	ADJ
easat-9654	400	4	time	time	NOUN
easat-9654	400	5	,	,	PUNCT
easat-9654	400	6	they	they	PRON
easat-9654	400	7	may	may	AUX
easat-9654	400	8	use	use	VERB
easat-9654	400	9	the	the	DET
easat-9654	400	10	regulatory	regulatory	ADJ
easat-9654	400	11	sandbox	sandbox	NOUN
easat-9654	400	12	to	to	PART
easat-9654	400	13	be	be	AUX
easat-9654	400	14	opened	open	VERB
easat-9654	400	15	in	in	ADP
easat-9654	400	16	2024	2024	NUM
easat-9654	400	17	to	to	PART
easat-9654	400	18	assess	assess	VERB
easat-9654	400	19	the	the	DET
easat-9654	400	20	feasibility	feasibility	NOUN
easat-9654	400	21	of	of	ADP
easat-9654	400	22	their	their	PRON
easat-9654	400	23	technical	technical	ADJ
easat-9654	400	24	solutions	solution	NOUN
easat-9654	400	25	.	.	PUNCT
easat-9654	401	1	currently	currently	ADV
easat-9654	401	2	,	,	PUNCT
easat-9654	401	3	the	the	DET
easat-9654	401	4	bank	bank	NOUN
easat-9654	401	5	of	of	ADP
easat-9654	401	6	indonesia	indonesia	PROPN
easat-9654	401	7	is	be	AUX
easat-9654	401	8	advocating	advocate	VERB
easat-9654	401	9	for	for	ADP
easat-9654	401	10	the	the	DET
easat-9654	401	11	digital	digital	ADJ
easat-9654	401	12	rupiah	rupiah	NOUN
easat-9654	401	13	technology	technology	NOUN
easat-9654	401	14	,	,	PUNCT
easat-9654	401	15	creating	create	VERB
easat-9654	401	16	a	a	DET
easat-9654	401	17	favorable	favorable	ADJ
easat-9654	401	18	regulatory	regulatory	ADJ
easat-9654	401	19	environment	environment	NOUN
easat-9654	401	20	for	for	ADP
easat-9654	401	21	the	the	DET
easat-9654	401	22	compliant	compliant	ADJ
easat-9654	401	23	development	development	NOUN
easat-9654	401	24	of	of	ADP
easat-9654	401	25	blockchain	blockchain	PROPN
easat-9654	401	26	technology	technology	PROPN
easat-9654	401	27	[	[	X
easat-9654	401	28	79	79	NUM
easat-9654	401	29	]	]	PUNCT
easat-9654	401	30	.	.	PUNCT
easat-9654	402	1	therefore	therefore	ADV
easat-9654	402	2	,	,	PUNCT
easat-9654	402	3	chinese	chinese	PROPN
easat-9654	402	4	-	-	PUNCT
easat-9654	402	5	funded	fund	VERB
easat-9654	402	6	enterprises	enterprise	NOUN
easat-9654	402	7	need	need	VERB
easat-9654	402	8	to	to	PART
easat-9654	402	9	take	take	VERB
easat-9654	402	10	this	this	DET
easat-9654	402	11	opportunity	opportunity	NOUN
easat-9654	402	12	to	to	PART
easat-9654	402	13	carefully	carefully	ADV
easat-9654	402	14	investigate	investigate	VERB
easat-9654	402	15	the	the	DET
easat-9654	402	16	application	application	NOUN
easat-9654	402	17	of	of	ADP
easat-9654	402	18	blockchain	blockchain	PROPN
easat-9654	402	19	technology	technology	PROPN
easat-9654	402	20	in	in	ADP
easat-9654	402	21	compliance	compliance	NOUN
easat-9654	402	22	and	and	CCONJ
easat-9654	402	23	promote	promote	VERB
easat-9654	402	24	creative	creative	ADJ
easat-9654	402	25	progress	progress	NOUN
easat-9654	402	26	in	in	ADP
easat-9654	402	27	digital	digital	ADJ
easat-9654	402	28	finance	finance	NOUN
easat-9654	402	29	and	and	CCONJ
easat-9654	402	30	data	datum	NOUN
easat-9654	402	31	governance	governance	NOUN
easat-9654	402	32	.	.	PUNCT
easat-9654	403	1	5.3	5.3	NUM
easat-9654	403	2	.	.	PUNCT
easat-9654	404	1	support	support	NOUN
easat-9654	404	2	from	from	ADP
easat-9654	404	3	the	the	DET
easat-9654	404	4	government	government	NOUN
easat-9654	404	5	and	and	CCONJ
easat-9654	404	6	industry	industry	NOUN
easat-9654	404	7	levels	level	NOUN
easat-9654	404	8	chinese	chinese	ADJ
easat-9654	404	9	-	-	PUNCT
easat-9654	404	10	funded	fund	VERB
easat-9654	404	11	enterprises	enterprise	NOUN
easat-9654	404	12	can	can	AUX
easat-9654	404	13	actively	actively	ADV
easat-9654	404	14	participate	participate	VERB
easat-9654	404	15	in	in	ADP
easat-9654	404	16	the	the	DET
easat-9654	404	17	indonesian	indonesian	ADJ
easat-9654	404	18	fintech	fintech	NOUN
easat-9654	404	19	market	market	NOUN
easat-9654	404	20	and	and	CCONJ
easat-9654	404	21	promote	promote	VERB
easat-9654	404	22	the	the	DET
easat-9654	404	23	establishment	establishment	NOUN
easat-9654	404	24	of	of	ADP
easat-9654	404	25	a	a	DET
easat-9654	404	26	comprehensive	comprehensive	ADJ
easat-9654	404	27	and	and	CCONJ
easat-9654	404	28	in	in	ADP
easat-9654	404	29	-	-	PUNCT
easat-9654	404	30	depth	depth	NOUN
easat-9654	404	31	cooperation	cooperation	NOUN
easat-9654	404	32	mechanism	mechanism	NOUN
easat-9654	404	33	with	with	ADP
easat-9654	404	34	key	key	ADJ
easat-9654	404	35	stakeholders	stakeholder	NOUN
easat-9654	404	36	such	such	ADJ
easat-9654	404	37	as	as	ADP
easat-9654	404	38	indonesian	indonesian	ADJ
easat-9654	404	39	financial	financial	ADJ
easat-9654	404	40	regulatory	regulatory	ADJ
easat-9654	404	41	authorities	authority	NOUN
easat-9654	404	42	and	and	CCONJ
easat-9654	404	43	industry	industry	NOUN
easat-9654	404	44	associations	association	NOUN
easat-9654	404	45	.	.	PUNCT
easat-9654	405	1	at	at	ADP
easat-9654	405	2	the	the	DET
easat-9654	405	3	same	same	ADJ
easat-9654	405	4	time	time	NOUN
easat-9654	405	5	,	,	PUNCT
easat-9654	405	6	under	under	ADP
easat-9654	405	7	this	this	DET
easat-9654	405	8	cooperation	cooperation	NOUN
easat-9654	405	9	mechanism	mechanism	NOUN
easat-9654	405	10	,	,	PUNCT
easat-9654	405	11	a	a	DET
easat-9654	405	12	mutually	mutually	ADV
easat-9654	405	13	trusted	trusted	ADJ
easat-9654	405	14	and	and	CCONJ
easat-9654	405	15	effective	effective	ADJ
easat-9654	405	16	information	information	NOUN
easat-9654	405	17	sharing	sharing	NOUN
easat-9654	405	18	platform	platform	NOUN
easat-9654	405	19	should	should	AUX
easat-9654	405	20	be	be	AUX
easat-9654	405	21	established	establish	VERB
easat-9654	405	22	.	.	PUNCT
easat-9654	406	1	the	the	DET
easat-9654	406	2	basic	basic	ADJ
easat-9654	406	3	approach	approach	NOUN
easat-9654	406	4	to	to	ADP
easat-9654	406	5	this	this	DET
easat-9654	406	6	process	process	NOUN
easat-9654	406	7	is	be	AUX
easat-9654	406	8	to	to	PART
easat-9654	406	9	establish	establish	VERB
easat-9654	406	10	a	a	DET
easat-9654	406	11	tripartite	tripartite	ADJ
easat-9654	406	12	collaborative	collaborative	ADJ
easat-9654	406	13	governance	governance	NOUN
easat-9654	406	14	framework	framework	NOUN
easat-9654	406	15	of	of	ADP
easat-9654	406	16	"	"	PUNCT
easat-9654	406	17	regulatory	regulatory	ADJ
easat-9654	406	18	leadership	leadership	NOUN
easat-9654	406	19	,	,	PUNCT
easat-9654	406	20	industry	industry	NOUN
easat-9654	406	21	collaborative	collaborative	ADJ
easat-9654	406	22	operation	operation	NOUN
easat-9654	406	23	,	,	PUNCT
easat-9654	406	24	and	and	CCONJ
easat-9654	406	25	technological	technological	ADJ
easat-9654	406	26	empowerment	empowerment	NOUN
easat-9654	406	27	"	"	PUNCT
easat-9654	406	28	.	.	PUNCT
easat-9654	407	1	this	this	PRON
easat-9654	407	2	will	will	AUX
easat-9654	407	3	enable	enable	VERB
easat-9654	407	4	chinese	chinese	PROPN
easat-9654	407	5	-	-	PUNCT
easat-9654	407	6	funded	fund	VERB
easat-9654	407	7	enterprises	enterprise	NOUN
easat-9654	407	8	and	and	CCONJ
easat-9654	407	9	indonesian	indonesian	ADJ
easat-9654	407	10	regulatory	regulatory	ADJ
easat-9654	407	11	authorities	authority	NOUN
easat-9654	407	12	to	to	PART
easat-9654	407	13	seamlessly	seamlessly	ADV
easat-9654	407	14	integrate	integrate	VERB
easat-9654	407	15	regulatory	regulatory	ADJ
easat-9654	407	16	effectiveness	effectiveness	NOUN
easat-9654	407	17	,	,	PUNCT
easat-9654	407	18	industry	industry	NOUN
easat-9654	407	19	vitality	vitality	NOUN
easat-9654	407	20	,	,	PUNCT
easat-9654	407	21	and	and	CCONJ
easat-9654	407	22	technological	technological	ADJ
easat-9654	407	23	progress	progress	NOUN
easat-9654	407	24	.	.	PUNCT
easat-9654	408	1	when	when	SCONJ
easat-9654	408	2	identifying	identify	VERB
easat-9654	408	3	partners	partner	NOUN
easat-9654	408	4	,	,	PUNCT
easat-9654	408	5	chinese	chinese	ADJ
easat-9654	408	6	enterprises	enterprise	NOUN
easat-9654	408	7	should	should	AUX
easat-9654	408	8	focus	focus	VERB
easat-9654	408	9	on	on	ADP
easat-9654	408	10	the	the	DET
easat-9654	408	11	two	two	NUM
easat-9654	408	12	main	main	ADJ
easat-9654	408	13	regulatory	regulatory	ADJ
easat-9654	408	14	authorities	authority	NOUN
easat-9654	408	15	in	in	ADP
easat-9654	408	16	indonesia	indonesia	PROPN
easat-9654	408	17	:	:	PUNCT
easat-9654	408	18	the	the	DET
easat-9654	408	19	ojk	ojk	NOUN
easat-9654	408	20	and	and	CCONJ
easat-9654	408	21	the	the	DET
easat-9654	408	22	bi	bi	NOUN
easat-9654	408	23	.	.	PROPN
easat-9654	409	1	for	for	ADP
easat-9654	409	2	instance	instance	NOUN
easat-9654	409	3	,	,	PUNCT
easat-9654	409	4	cooperation	cooperation	NOUN
easat-9654	409	5	with	with	ADP
easat-9654	409	6	ojk	ojk	NOUN
easat-9654	409	7	should	should	AUX
easat-9654	409	8	be	be	AUX
easat-9654	409	9	centered	center	VERB
easat-9654	409	10	on	on	ADP
easat-9654	409	11	mutually	mutually	ADV
easat-9654	409	12	reinforcing	reinforce	VERB
easat-9654	409	13	the	the	DET
easat-9654	409	14	regulatory	regulatory	ADJ
easat-9654	409	15	sandbox	sandbox	NOUN
easat-9654	409	16	mechanism	mechanism	NOUN
easat-9654	409	17	,	,	PUNCT
easat-9654	409	18	including	include	VERB
easat-9654	409	19	jointly	jointly	ADV
easat-9654	409	20	developing	develop	VERB
easat-9654	409	21	a	a	DET
easat-9654	409	22	credit	credit	NOUN
easat-9654	409	23	information	information	NOUN
easat-9654	409	24	exchange	exchange	NOUN
easat-9654	409	25	database	database	NOUN
easat-9654	409	26	for	for	ADP
easat-9654	409	27	small	small	ADJ
easat-9654	409	28	and	and	CCONJ
easat-9654	409	29	medium	medium	ADJ
easat-9654	409	30	-	-	PUNCT
easat-9654	409	31	sized	sized	ADJ
easat-9654	409	32	enterprises	enterprise	NOUN
easat-9654	409	33	.	.	PUNCT
easat-9654	410	1	the	the	DET
easat-9654	410	2	world	world	PROPN
easat-9654	410	3	bank	bank	PROPN
easat-9654	410	4	has	have	AUX
easat-9654	410	5	found	find	VERB
easat-9654	410	6	that	that	SCONJ
easat-9654	410	7	the	the	DET
easat-9654	410	8	implementation	implementation	NOUN
easat-9654	410	9	and	and	CCONJ
easat-9654	410	10	strengthening	strengthening	NOUN
easat-9654	410	11	of	of	ADP
easat-9654	410	12	credit	credit	NOUN
easat-9654	410	13	information	information	NOUN
easat-9654	410	14	sharing	sharing	NOUN
easat-9654	410	15	systems	system	NOUN
easat-9654	410	16	significantly	significantly	ADV
easat-9654	410	17	increase	increase	VERB
easat-9654	410	18	the	the	DET
easat-9654	410	19	chances	chance	NOUN
easat-9654	410	20	of	of	ADP
easat-9654	410	21	enterprises	enterprise	NOUN
easat-9654	410	22	obtaining	obtain	VERB
easat-9654	410	23	financing	financing	NOUN
easat-9654	410	24	,	,	PUNCT
easat-9654	410	25	particularly	particularly	ADV
easat-9654	410	26	raising	raise	VERB
easat-9654	410	27	the	the	DET
easat-9654	410	28	possibility	possibility	NOUN
easat-9654	410	29	of	of	ADP
easat-9654	410	30	micro	micro	ADJ
easat-9654	410	31	and	and	CCONJ
easat-9654	410	32	small	small	ADJ
easat-9654	410	33	enterprises	enterprise	NOUN
easat-9654	410	34	accessing	access	VERB
easat-9654	410	35	financing	financing	NOUN
easat-9654	410	36	by	by	ADP
easat-9654	410	37	7	7	NUM
easat-9654	410	38	-	-	SYM
easat-9654	410	39	8	8	NUM
easat-9654	410	40	percentage	percentage	NOUN
easat-9654	410	41	points	point	NOUN
easat-9654	410	42	while	while	SCONJ
easat-9654	410	43	reducing	reduce	VERB
easat-9654	410	44	interest	interest	NOUN
easat-9654	410	45	rates	rate	NOUN
easat-9654	410	46	by	by	ADP
easat-9654	410	47	approximately	approximately	ADV
easat-9654	410	48	5	5	NUM
easat-9654	410	49	%	%	NOUN
easat-9654	410	50	[	[	X
easat-9654	410	51	80	80	NUM
easat-9654	410	52	]	]	PUNCT
easat-9654	410	53	.	.	PUNCT
easat-9654	411	1	meanwhile	meanwhile	ADV
easat-9654	411	2	,	,	PUNCT
easat-9654	411	3	this	this	DET
easat-9654	411	4	method	method	NOUN
easat-9654	411	5	can	can	AUX
easat-9654	411	6	systematically	systematically	ADV
easat-9654	411	7	address	address	VERB
easat-9654	411	8	the	the	DET
easat-9654	411	9	issue	issue	NOUN
easat-9654	411	10	of	of	ADP
easat-9654	411	11	information	information	NOUN
easat-9654	411	12	asymmetry	asymmetry	NOUN
easat-9654	411	13	in	in	ADP
easat-9654	411	14	small	small	ADJ
easat-9654	411	15	and	and	CCONJ
easat-9654	411	16	medium	medium	ADJ
easat-9654	411	17	-	-	PUNCT
easat-9654	411	18	sized	sized	ADJ
easat-9654	411	19	enterprise	enterprise	NOUN
easat-9654	411	20	finance	finance	NOUN
easat-9654	411	21	and	and	CCONJ
easat-9654	411	22	enhance	enhance	VERB
easat-9654	411	23	the	the	DET
easat-9654	411	24	efficiency	efficiency	NOUN
easat-9654	411	25	of	of	ADP
easat-9654	411	26	financial	financial	ADJ
easat-9654	411	27	resource	resource	NOUN
easat-9654	411	28	allocation	allocation	NOUN
easat-9654	411	29	.	.	PUNCT
easat-9654	412	1	when	when	SCONJ
easat-9654	412	2	cooperating	cooperate	VERB
easat-9654	412	3	with	with	ADP
easat-9654	412	4	bi	bi	NOUN
easat-9654	412	5	,	,	PUNCT
easat-9654	412	6	priority	priority	NOUN
easat-9654	412	7	should	should	AUX
easat-9654	412	8	be	be	AUX
easat-9654	412	9	given	give	VERB
easat-9654	412	10	to	to	ADP
easat-9654	412	11	integration	integration	NOUN
easat-9654	412	12	with	with	ADP
easat-9654	412	13	the	the	DET
easat-9654	412	14	national	national	ADJ
easat-9654	412	15	payment	payment	NOUN
easat-9654	412	16	gateway	gateway	NOUN
easat-9654	412	17	(	(	PUNCT
easat-9654	412	18	npg	npg	NOUN
easat-9654	412	19	)	)	PUNCT
easat-9654	412	20	,	,	PUNCT
easat-9654	412	21	strictly	strictly	ADV
easat-9654	412	22	adhering	adhere	VERB
easat-9654	412	23	to	to	ADP
easat-9654	412	24	the	the	DET
easat-9654	412	25	strategic	strategic	ADJ
easat-9654	412	26	goals	goal	NOUN
easat-9654	412	27	outlined	outline	VERB
easat-9654	412	28	in	in	ADP
easat-9654	412	29	its	its	PRON
easat-9654	412	30	"	"	PUNCT
easat-9654	412	31	2024	2024	NUM
easat-9654	412	32	-	-	SYM
easat-9654	412	33	2045	2045	NUM
easat-9654	412	34	payment	payment	NOUN
easat-9654	412	35	system	system	NOUN
easat-9654	412	36	development	development	NOUN
easat-9654	412	37	roadmap	roadmap	NOUN
easat-9654	413	1	[	[	X
easat-9654	413	2	81	81	NUM
easat-9654	413	3	]	]	PUNCT
easat-9654	413	4	.	.	PUNCT
easat-9654	414	1	meanwhile	meanwhile	ADV
easat-9654	414	2	,	,	PUNCT
easat-9654	414	3	sharing	share	VERB
easat-9654	414	4	the	the	DET
easat-9654	414	5	financial	financial	ADJ
easat-9654	414	6	behavior	behavior	NOUN
easat-9654	414	7	data	datum	NOUN
easat-9654	414	8	of	of	ADP
easat-9654	414	9	the	the	DET
easat-9654	414	10	unbanked	unbanked	ADJ
easat-9654	414	11	population	population	NOUN
easat-9654	414	12	will	will	AUX
easat-9654	414	13	promote	promote	VERB
easat-9654	414	14	the	the	DET
easat-9654	414	15	development	development	NOUN
easat-9654	414	16	of	of	ADP
easat-9654	414	17	an	an	DET
easat-9654	414	18	inclusive	inclusive	ADJ
easat-9654	414	19	financial	financial	ADJ
easat-9654	414	20	system	system	NOUN
easat-9654	414	21	in	in	ADP
easat-9654	414	22	indonesia	indonesia	PROPN
easat-9654	414	23	.	.	PUNCT
easat-9654	415	1	in	in	ADP
easat-9654	415	2	addition	addition	NOUN
easat-9654	415	3	,	,	PUNCT
easat-9654	415	4	chinese	chinese	PROPN
easat-9654	415	5	-	-	PUNCT
easat-9654	415	6	funded	fund	VERB
easat-9654	415	7	enterprises	enterprise	NOUN
easat-9654	415	8	should	should	AUX
easat-9654	415	9	take	take	VERB
easat-9654	415	10	advantage	advantage	NOUN
easat-9654	415	11	of	of	ADP
easat-9654	415	12	the	the	DET
easat-9654	415	13	resource	resource	NOUN
easat-9654	415	14	advantages	advantage	NOUN
easat-9654	415	15	provided	provide	VERB
easat-9654	415	16	by	by	ADP
easat-9654	415	17	industry	industry	NOUN
easat-9654	415	18	organizations	organization	NOUN
easat-9654	415	19	such	such	ADJ
easat-9654	415	20	as	as	ADP
easat-9654	415	21	the	the	DET
easat-9654	415	22	indonesian	indonesian	PROPN
easat-9654	415	23	bankers	bankers	PROPN
easat-9654	415	24	association	association	PROPN
easat-9654	415	25	(	(	PUNCT
easat-9654	415	26	perbanas	perbanas	PROPN
easat-9654	415	27	)	)	PUNCT
easat-9654	415	28	and	and	CCONJ
easat-9654	415	29	the	the	DET
easat-9654	415	30	indonesian	indonesian	ADJ
easat-9654	415	31	payment	payment	NOUN
easat-9654	415	32	system	system	NOUN
easat-9654	415	33	association	association	NOUN
easat-9654	415	34	(	(	PUNCT
easat-9654	415	35	asosiasi	asosiasi	NOUN
easat-9654	415	36	system	system	PROPN
easat-9654	415	37	pembayaran	pembayaran	PROPN
easat-9654	415	38	indonesia	indonesia	PROPN
easat-9654	415	39	,	,	PUNCT
easat-9654	415	40	aspi	aspi	NOUN
easat-9654	415	41	)	)	PUNCT
easat-9654	415	42	to	to	PART
easat-9654	415	43	jointly	jointly	ADV
easat-9654	415	44	develop	develop	VERB
easat-9654	415	45	cooperative	cooperative	ADJ
easat-9654	415	46	frameworks	framework	NOUN
easat-9654	415	47	including	include	VERB
easat-9654	415	48	anti	anti	ADJ
easat-9654	415	49	-	-	ADJ
easat-9654	415	50	fraud	fraud	ADJ
easat-9654	415	51	technology	technology	NOUN
easat-9654	415	52	and	and	CCONJ
easat-9654	415	53	cross	cross	ADJ
easat-9654	415	54	-	-	ADJ
easat-9654	415	55	border	border	ADJ
easat-9654	415	56	payment	payment	NOUN
easat-9654	415	57	certification	certification	NOUN
easat-9654	415	58	system	system	NOUN
easat-9654	415	59	alliances	alliance	NOUN
easat-9654	415	60	.	.	PUNCT
easat-9654	416	1	this	this	DET
easat-9654	416	2	approach	approach	NOUN
easat-9654	416	3	can	can	AUX
easat-9654	416	4	establish	establish	VERB
easat-9654	416	5	a	a	DET
easat-9654	416	6	closed	closed	ADJ
easat-9654	416	7	-	-	PUNCT
easat-9654	416	8	loop	loop	NOUN
easat-9654	416	9	feedback	feedback	NOUN
easat-9654	416	10	mechanism	mechanism	NOUN
easat-9654	416	11	that	that	PRON
easat-9654	416	12	integrates	integrate	VERB
easat-9654	416	13	regulatory	regulatory	ADJ
easat-9654	416	14	policies	policy	NOUN
easat-9654	416	15	,	,	PUNCT
easat-9654	416	16	industry	industry	NOUN
easat-9654	416	17	standards	standard	NOUN
easat-9654	416	18	,	,	PUNCT
easat-9654	416	19	and	and	CCONJ
easat-9654	416	20	technological	technological	ADJ
easat-9654	416	21	applications	application	NOUN
easat-9654	416	22	,	,	PUNCT
easat-9654	416	23	promoting	promote	VERB
easat-9654	416	24	dynamic	dynamic	ADJ
easat-9654	416	25	coordination	coordination	NOUN
easat-9654	416	26	between	between	ADP
easat-9654	416	27	regulatory	regulatory	ADJ
easat-9654	416	28	rules	rule	NOUN
easat-9654	416	29	and	and	CCONJ
easat-9654	416	30	industry	industry	NOUN
easat-9654	416	31	practices	practice	NOUN
easat-9654	416	32	.	.	PUNCT
easat-9654	417	1	this	this	DET
easat-9654	417	2	cooperative	cooperative	ADJ
easat-9654	417	3	structure	structure	NOUN
easat-9654	417	4	not	not	PART
easat-9654	417	5	only	only	ADV
easat-9654	417	6	enhances	enhance	VERB
easat-9654	417	7	the	the	DET
easat-9654	417	8	compliance	compliance	NOUN
easat-9654	417	9	capabilities	capability	NOUN
easat-9654	417	10	of	of	ADP
easat-9654	417	11	chinese	chinese	ADJ
easat-9654	417	12	enterprises	enterprise	NOUN
easat-9654	417	13	in	in	ADP
easat-9654	417	14	the	the	DET
easat-9654	417	15	indonesian	indonesian	ADJ
easat-9654	417	16	financial	financial	ADJ
easat-9654	417	17	system	system	NOUN
easat-9654	417	18	but	but	CCONJ
easat-9654	417	19	also	also	ADV
easat-9654	417	20	provides	provide	VERB
easat-9654	417	21	a	a	DET
easat-9654	417	22	replicable	replicable	ADJ
easat-9654	417	23	model	model	NOUN
easat-9654	417	24	for	for	ADP
easat-9654	417	25	regional	regional	ADJ
easat-9654	417	26	financial	financial	ADJ
easat-9654	417	27	cooperation	cooperation	NOUN
easat-9654	417	28	.	.	PUNCT
easat-9654	418	1	on	on	ADP
easat-9654	418	2	this	this	DET
easat-9654	418	3	basis	basis	NOUN
easat-9654	418	4	,	,	PUNCT
easat-9654	418	5	developing	develop	VERB
easat-9654	418	6	an	an	DET
easat-9654	418	7	efficient	efficient	ADJ
easat-9654	418	8	bilateral	bilateral	ADJ
easat-9654	418	9	communication	communication	NOUN
easat-9654	418	10	channel	channel	NOUN
easat-9654	418	11	is	be	AUX
easat-9654	418	12	equally	equally	ADV
easat-9654	418	13	crucial	crucial	ADJ
easat-9654	418	14	for	for	SCONJ
easat-9654	418	15	chinese	chinese	ADJ
easat-9654	418	16	enterprises	enterprise	NOUN
easat-9654	418	17	to	to	PART
easat-9654	418	18	manage	manage	VERB
easat-9654	418	19	the	the	DET
easat-9654	418	20	complex	complex	ADJ
easat-9654	418	21	regulatory	regulatory	ADJ
easat-9654	418	22	environment	environment	NOUN
easat-9654	418	23	in	in	ADP
easat-9654	418	24	indonesia	indonesia	PROPN
easat-9654	418	25	.	.	PUNCT
easat-9654	419	1	it	it	PRON
easat-9654	419	2	is	be	AUX
easat-9654	419	3	an	an	DET
easat-9654	419	4	important	important	ADJ
easat-9654	419	5	strategic	strategic	ADJ
easat-9654	419	6	1574	1574	NUM
easat-9654	419	7	edelweiss	edelweiss	PROPN
easat-9654	419	8	applied	apply	VERB
easat-9654	419	9	science	science	NOUN
easat-9654	419	10	and	and	CCONJ
easat-9654	419	11	technology	technology	NOUN
easat-9654	419	12	issn	issn	PROPN
easat-9654	419	13	:	:	PUNCT
easat-9654	419	14	2576	2576	NUM
easat-9654	419	15	-	-	SYM
easat-9654	419	16	8484	8484	NUM
easat-9654	419	17	vol	vol	NOUN
easat-9654	419	18	.	.	PROPN
easat-9654	420	1	9	9	NUM
easat-9654	420	2	,	,	PUNCT
easat-9654	420	3	no	no	INTJ
easat-9654	420	4	.	.	NOUN
easat-9654	420	5	8	8	NUM
easat-9654	420	6	:	:	SYM
easat-9654	420	7	1558	1558	NUM
easat-9654	420	8	-	-	SYM
easat-9654	420	9	1579	1579	NUM
easat-9654	420	10	,	,	PUNCT
easat-9654	420	11	2025	2025	NUM
easat-9654	420	12	doi	doi	NOUN
easat-9654	420	13	:	:	PUNCT
easat-9654	420	14	10.55214/2576	10.55214/2576	NUM
easat-9654	420	15	-	-	PUNCT
easat-9654	420	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	420	17	©	©	PROPN
easat-9654	420	18	2025	2025	NUM
easat-9654	420	19	by	by	ADP
easat-9654	420	20	the	the	DET
easat-9654	420	21	authors	author	NOUN
easat-9654	420	22	;	;	PUNCT
easat-9654	420	23	licensee	licensee	PROPN
easat-9654	420	24	learning	learn	VERB
easat-9654	420	25	gate	gate	NOUN
easat-9654	420	26	approach	approach	NOUN
easat-9654	420	27	to	to	ADP
easat-9654	420	28	strengthening	strengthen	VERB
easat-9654	420	29	the	the	DET
easat-9654	420	30	china	china	PROPN
easat-9654	420	31	-	-	PUNCT
easat-9654	420	32	indonesia	indonesia	PROPN
easat-9654	420	33	community	community	NOUN
easat-9654	420	34	with	with	ADP
easat-9654	420	35	a	a	DET
easat-9654	420	36	shared	share	VERB
easat-9654	420	37	future	future	NOUN
easat-9654	420	38	and	and	CCONJ
easat-9654	420	39	enhancing	enhance	VERB
easat-9654	420	40	the	the	DET
easat-9654	420	41	level	level	NOUN
easat-9654	420	42	of	of	ADP
easat-9654	420	43	economic	economic	ADJ
easat-9654	420	44	and	and	CCONJ
easat-9654	420	45	trade	trade	NOUN
easat-9654	420	46	relations	relation	NOUN
easat-9654	420	47	between	between	ADP
easat-9654	420	48	the	the	DET
easat-9654	420	49	two	two	NUM
easat-9654	420	50	countries	country	NOUN
easat-9654	420	51	.	.	PUNCT
easat-9654	421	1	in	in	ADP
easat-9654	421	2	fact	fact	NOUN
easat-9654	421	3	,	,	PUNCT
easat-9654	421	4	china	china	PROPN
easat-9654	421	5	and	and	CCONJ
easat-9654	421	6	indonesia	indonesia	PROPN
easat-9654	421	7	have	have	AUX
easat-9654	421	8	already	already	ADV
easat-9654	421	9	established	establish	VERB
easat-9654	421	10	a	a	DET
easat-9654	421	11	series	series	NOUN
easat-9654	421	12	of	of	ADP
easat-9654	421	13	high	high	ADJ
easat-9654	421	14	-	-	PUNCT
easat-9654	421	15	level	level	NOUN
easat-9654	421	16	dialogue	dialogue	NOUN
easat-9654	421	17	and	and	CCONJ
easat-9654	421	18	cooperation	cooperation	NOUN
easat-9654	421	19	platforms	platform	NOUN
easat-9654	421	20	of	of	ADP
easat-9654	421	21	significant	significant	ADJ
easat-9654	421	22	strategic	strategic	ADJ
easat-9654	421	23	importance	importance	NOUN
easat-9654	421	24	,	,	PUNCT
easat-9654	421	25	which	which	PRON
easat-9654	421	26	have	have	AUX
easat-9654	421	27	been	be	AUX
easat-9654	421	28	successfully	successfully	ADV
easat-9654	421	29	operating	operate	VERB
easat-9654	421	30	at	at	ADP
easat-9654	421	31	the	the	DET
easat-9654	421	32	national	national	ADJ
easat-9654	421	33	level	level	NOUN
easat-9654	421	34	.	.	PUNCT
easat-9654	422	1	the	the	DET
easat-9654	422	2	china	china	PROPN
easat-9654	422	3	-	-	PUNCT
easat-9654	422	4	indonesia	indonesia	PROPN
easat-9654	422	5	high	high	ADJ
easat-9654	422	6	-	-	PUNCT
easat-9654	422	7	level	level	NOUN
easat-9654	422	8	dialogue	dialogue	NOUN
easat-9654	422	9	and	and	CCONJ
easat-9654	422	10	cooperation	cooperation	NOUN
easat-9654	422	11	mechanism	mechanism	NOUN
easat-9654	422	12	was	be	AUX
easat-9654	422	13	launched	launch	VERB
easat-9654	422	14	in	in	ADP
easat-9654	422	15	2021	2021	NUM
easat-9654	422	16	,	,	PUNCT
easat-9654	422	17	providing	provide	VERB
easat-9654	422	18	a	a	DET
easat-9654	422	19	macro	macro	ADJ
easat-9654	422	20	-	-	ADJ
easat-9654	422	21	strategic	strategic	ADJ
easat-9654	422	22	direction	direction	NOUN
easat-9654	422	23	and	and	CCONJ
easat-9654	422	24	policy	policy	NOUN
easat-9654	422	25	coordination	coordination	NOUN
easat-9654	422	26	platform	platform	NOUN
easat-9654	422	27	for	for	ADP
easat-9654	422	28	exchanges	exchange	NOUN
easat-9654	422	29	and	and	CCONJ
easat-9654	422	30	cooperation	cooperation	NOUN
easat-9654	422	31	between	between	ADP
easat-9654	422	32	the	the	DET
easat-9654	422	33	two	two	NUM
easat-9654	422	34	countries	country	NOUN
easat-9654	422	35	in	in	ADP
easat-9654	422	36	political	political	ADJ
easat-9654	422	37	,	,	PUNCT
easat-9654	422	38	economic	economic	ADJ
easat-9654	422	39	,	,	PUNCT
easat-9654	422	40	cultural	cultural	ADJ
easat-9654	422	41	and	and	CCONJ
easat-9654	422	42	other	other	ADJ
easat-9654	422	43	fields	field	NOUN
easat-9654	422	44	[	[	X
easat-9654	422	45	82	82	NUM
easat-9654	422	46	]	]	PUNCT
easat-9654	422	47	.	.	PUNCT
easat-9654	423	1	the	the	DET
easat-9654	423	2	newly	newly	ADV
easat-9654	423	3	established	establish	VERB
easat-9654	423	4	"	"	PUNCT
easat-9654	423	5	2	2	NUM
easat-9654	423	6	+	+	CCONJ
easat-9654	423	7	2	2	NUM
easat-9654	423	8	"	"	PUNCT
easat-9654	423	9	ministerial	ministerial	ADJ
easat-9654	423	10	dialogue	dialogue	NOUN
easat-9654	423	11	in	in	ADP
easat-9654	423	12	2025	2025	NUM
easat-9654	423	13	will	will	AUX
easat-9654	423	14	enhance	enhance	VERB
easat-9654	423	15	communication	communication	NOUN
easat-9654	423	16	and	and	CCONJ
easat-9654	423	17	cooperation	cooperation	NOUN
easat-9654	423	18	between	between	ADP
easat-9654	423	19	the	the	DET
easat-9654	423	20	two	two	NUM
easat-9654	423	21	countries	country	NOUN
easat-9654	423	22	in	in	ADP
easat-9654	423	23	key	key	ADJ
easat-9654	423	24	areas	area	NOUN
easat-9654	423	25	such	such	ADJ
easat-9654	423	26	as	as	ADP
easat-9654	423	27	security	security	NOUN
easat-9654	423	28	and	and	CCONJ
easat-9654	423	29	diplomacy	diplomacy	NOUN
easat-9654	424	1	[	[	X
easat-9654	424	2	82	82	NUM
easat-9654	424	3	]	]	PUNCT
easat-9654	424	4	.	.	PUNCT
easat-9654	425	1	therefore	therefore	ADV
easat-9654	425	2	,	,	PUNCT
easat-9654	425	3	through	through	ADP
easat-9654	425	4	clear	clear	ADJ
easat-9654	425	5	actions	action	NOUN
easat-9654	425	6	,	,	PUNCT
easat-9654	425	7	including	include	VERB
easat-9654	425	8	the	the	DET
easat-9654	425	9	implementation	implementation	NOUN
easat-9654	425	10	of	of	ADP
easat-9654	425	11	the	the	DET
easat-9654	425	12	policy	policy	NOUN
easat-9654	425	13	coordination	coordination	NOUN
easat-9654	425	14	memorandum	memorandum	NOUN
easat-9654	425	15	,	,	PUNCT
easat-9654	425	16	these	these	DET
easat-9654	425	17	bilateral	bilateral	ADJ
easat-9654	425	18	dialogue	dialogue	NOUN
easat-9654	425	19	institutions	institution	NOUN
easat-9654	425	20	of	of	ADP
easat-9654	425	21	the	the	DET
easat-9654	425	22	two	two	NUM
easat-9654	425	23	countries	country	NOUN
easat-9654	425	24	can	can	AUX
easat-9654	425	25	create	create	VERB
easat-9654	425	26	a	a	DET
easat-9654	425	27	stable	stable	ADJ
easat-9654	425	28	,	,	PUNCT
easat-9654	425	29	transparent	transparent	ADJ
easat-9654	425	30	and	and	CCONJ
easat-9654	425	31	predictable	predictable	ADJ
easat-9654	425	32	macro	macro	ADJ
easat-9654	425	33	policy	policy	NOUN
easat-9654	425	34	environment	environment	NOUN
easat-9654	425	35	for	for	ADP
easat-9654	425	36	enterprises	enterprise	NOUN
easat-9654	425	37	.	.	PUNCT
easat-9654	426	1	this	this	PRON
easat-9654	426	2	effectively	effectively	ADV
easat-9654	426	3	eliminates	eliminate	VERB
easat-9654	426	4	the	the	DET
easat-9654	426	5	macro	macro	ADJ
easat-9654	426	6	barriers	barrier	NOUN
easat-9654	426	7	encountered	encounter	VERB
easat-9654	426	8	by	by	ADP
easat-9654	426	9	chinese	chinese	ADJ
easat-9654	426	10	enterprises	enterprise	NOUN
easat-9654	426	11	in	in	ADP
easat-9654	426	12	investment	investment	NOUN
easat-9654	426	13	and	and	CCONJ
easat-9654	426	14	operation	operation	NOUN
easat-9654	426	15	in	in	ADP
easat-9654	426	16	indonesia	indonesia	PROPN
easat-9654	426	17	,	,	PUNCT
easat-9654	426	18	and	and	CCONJ
easat-9654	426	19	builds	build	VERB
easat-9654	426	20	a	a	DET
easat-9654	426	21	solid	solid	ADJ
easat-9654	426	22	platform	platform	NOUN
easat-9654	426	23	for	for	ADP
easat-9654	426	24	the	the	DET
easat-9654	426	25	development	development	NOUN
easat-9654	426	26	of	of	ADP
easat-9654	426	27	economic	economic	ADJ
easat-9654	426	28	and	and	CCONJ
easat-9654	426	29	trade	trade	NOUN
easat-9654	426	30	relations	relation	NOUN
easat-9654	426	31	between	between	ADP
easat-9654	426	32	the	the	DET
easat-9654	426	33	two	two	NUM
easat-9654	426	34	countries	country	NOUN
easat-9654	426	35	.	.	PUNCT
easat-9654	427	1	5.4	5.4	NUM
easat-9654	427	2	.	.	PUNCT
easat-9654	427	3	promote	promote	VERB
easat-9654	427	4	the	the	DET
easat-9654	427	5	improvement	improvement	NOUN
easat-9654	427	6	and	and	CCONJ
easat-9654	427	7	application	application	NOUN
easat-9654	427	8	of	of	ADP
easat-9654	427	9	the	the	DET
easat-9654	427	10	regulatory	regulatory	ADJ
easat-9654	427	11	sandbox	sandbox	NOUN
easat-9654	427	12	model	model	NOUN
easat-9654	427	13	driven	drive	VERB
easat-9654	427	14	by	by	ADP
easat-9654	427	15	the	the	DET
easat-9654	427	16	global	global	ADJ
easat-9654	427	17	fintech	fintech	NOUN
easat-9654	427	18	trends	trend	NOUN
easat-9654	427	19	,	,	PUNCT
easat-9654	427	20	the	the	DET
easat-9654	427	21	fintech	fintech	NOUN
easat-9654	427	22	industry	industry	NOUN
easat-9654	427	23	in	in	ADP
easat-9654	427	24	indonesia	indonesia	PROPN
easat-9654	427	25	is	be	AUX
easat-9654	427	26	expanding	expand	VERB
easat-9654	427	27	rapidly	rapidly	ADV
easat-9654	427	28	.	.	PUNCT
easat-9654	428	1	however	however	ADV
easat-9654	428	2	,	,	PUNCT
easat-9654	428	3	despite	despite	SCONJ
easat-9654	428	4	significant	significant	ADJ
easat-9654	428	5	progress	progress	NOUN
easat-9654	428	6	,	,	PUNCT
easat-9654	428	7	the	the	DET
easat-9654	428	8	existing	exist	VERB
easat-9654	428	9	fintech	fintech	NOUN
easat-9654	428	10	sandbox	sandbox	NOUN
easat-9654	428	11	regulatory	regulatory	ADJ
easat-9654	428	12	framework	framework	NOUN
easat-9654	428	13	in	in	ADP
easat-9654	428	14	indonesia	indonesia	PROPN
easat-9654	428	15	reveals	reveal	VERB
easat-9654	428	16	some	some	DET
easat-9654	428	17	urgent	urgent	ADJ
easat-9654	428	18	issues	issue	NOUN
easat-9654	428	19	that	that	PRON
easat-9654	428	20	need	need	VERB
easat-9654	428	21	to	to	PART
easat-9654	428	22	be	be	AUX
easat-9654	428	23	addressed	address	VERB
easat-9654	428	24	.	.	PUNCT
easat-9654	429	1	the	the	DET
easat-9654	429	2	main	main	ADJ
easat-9654	429	3	characteristics	characteristic	NOUN
easat-9654	429	4	are	be	AUX
easat-9654	429	5	insufficient	insufficient	ADJ
easat-9654	429	6	flexibility	flexibility	NOUN
easat-9654	429	7	,	,	PUNCT
easat-9654	429	8	lack	lack	NOUN
easat-9654	429	9	of	of	ADP
easat-9654	429	10	cross	cross	ADJ
easat-9654	429	11	-	-	ADJ
easat-9654	429	12	border	border	ADJ
easat-9654	429	13	compatibility	compatibility	NOUN
easat-9654	429	14	,	,	PUNCT
easat-9654	429	15	and	and	CCONJ
easat-9654	429	16	imprecise	imprecise	ADJ
easat-9654	429	17	methods	method	NOUN
easat-9654	429	18	for	for	ADP
easat-9654	429	19	resolving	resolve	VERB
easat-9654	429	20	outcomes	outcome	NOUN
easat-9654	429	21	.	.	PUNCT
easat-9654	430	1	these	these	DET
easat-9654	430	2	problems	problem	NOUN
easat-9654	430	3	not	not	PART
easat-9654	430	4	only	only	ADV
easat-9654	430	5	hinder	hinder	VERB
easat-9654	430	6	the	the	DET
easat-9654	430	7	innovation	innovation	NOUN
easat-9654	430	8	potential	potential	NOUN
easat-9654	430	9	of	of	ADP
easat-9654	430	10	the	the	DET
easat-9654	430	11	fintech	fintech	NOUN
easat-9654	430	12	industry	industry	NOUN
easat-9654	430	13	in	in	ADP
easat-9654	430	14	indonesia	indonesia	PROPN
easat-9654	430	15	but	but	CCONJ
easat-9654	430	16	also	also	ADV
easat-9654	430	17	pose	pose	VERB
easat-9654	430	18	significant	significant	ADJ
easat-9654	430	19	difficulties	difficulty	NOUN
easat-9654	430	20	for	for	ADP
easat-9654	430	21	chinese	chinese	ADJ
easat-9654	430	22	companies	company	NOUN
easat-9654	430	23	seeking	seek	VERB
easat-9654	430	24	to	to	PART
easat-9654	430	25	enter	enter	VERB
easat-9654	430	26	the	the	DET
easat-9654	430	27	indonesian	indonesian	ADJ
easat-9654	430	28	market	market	NOUN
easat-9654	430	29	.	.	PUNCT
easat-9654	431	1	against	against	ADP
easat-9654	431	2	this	this	DET
easat-9654	431	3	complex	complex	ADJ
easat-9654	431	4	backdrop	backdrop	NOUN
easat-9654	431	5	,	,	PUNCT
easat-9654	431	6	china	china	PROPN
easat-9654	431	7	and	and	CCONJ
easat-9654	431	8	indonesia	indonesia	PROPN
easat-9654	431	9	can	can	AUX
easat-9654	431	10	enhance	enhance	VERB
easat-9654	431	11	the	the	DET
easat-9654	431	12	fintech	fintech	NOUN
easat-9654	431	13	sandbox	sandbox	NOUN
easat-9654	431	14	regulatory	regulatory	ADJ
easat-9654	431	15	framework	framework	NOUN
easat-9654	431	16	from	from	ADP
easat-9654	431	17	multiple	multiple	ADJ
easat-9654	431	18	perspectives	perspective	NOUN
easat-9654	431	19	,	,	PUNCT
easat-9654	431	20	leveraging	leverage	VERB
easat-9654	431	21	the	the	DET
easat-9654	431	22	existing	exist	VERB
easat-9654	431	23	cooperation	cooperation	NOUN
easat-9654	431	24	foundation	foundation	NOUN
easat-9654	431	25	between	between	ADP
easat-9654	431	26	the	the	DET
easat-9654	431	27	two	two	NUM
easat-9654	431	28	countries	country	NOUN
easat-9654	431	29	to	to	PART
easat-9654	431	30	support	support	VERB
easat-9654	431	31	seamless	seamless	ADJ
easat-9654	431	32	growth	growth	NOUN
easat-9654	431	33	of	of	ADP
easat-9654	431	34	chinese	chinese	ADJ
easat-9654	431	35	enterprises	enterprise	NOUN
easat-9654	431	36	in	in	ADP
easat-9654	431	37	the	the	DET
easat-9654	431	38	indonesian	indonesian	ADJ
easat-9654	431	39	market	market	NOUN
easat-9654	431	40	and	and	CCONJ
easat-9654	431	41	promote	promote	VERB
easat-9654	431	42	mutual	mutual	ADJ
easat-9654	431	43	development	development	NOUN
easat-9654	431	44	of	of	ADP
easat-9654	431	45	the	the	DET
easat-9654	431	46	fintech	fintech	NOUN
easat-9654	431	47	industries	industry	NOUN
easat-9654	431	48	in	in	ADP
easat-9654	431	49	both	both	DET
easat-9654	431	50	countries	country	NOUN
easat-9654	431	51	.	.	PUNCT
easat-9654	432	1	5.4.1	5.4.1	X
easat-9654	432	2	.	.	PUNCT
easat-9654	433	1	build	build	VERB
easat-9654	433	2	a	a	DET
easat-9654	433	3	hierarchical	hierarchical	ADJ
easat-9654	433	4	sandbox	sandbox	NOUN
easat-9654	433	5	system	system	NOUN
easat-9654	433	6	to	to	PART
easat-9654	433	7	enhance	enhance	VERB
easat-9654	433	8	regulatory	regulatory	ADJ
easat-9654	433	9	flexibility	flexibility	NOUN
easat-9654	433	10	.	.	PUNCT
easat-9654	434	1	in	in	ADP
easat-9654	434	2	response	response	NOUN
easat-9654	434	3	to	to	ADP
easat-9654	434	4	the	the	DET
easat-9654	434	5	diverse	diverse	ADJ
easat-9654	434	6	innovation	innovation	NOUN
easat-9654	434	7	needs	need	NOUN
easat-9654	434	8	of	of	ADP
easat-9654	434	9	various	various	ADJ
easat-9654	434	10	fintech	fintech	NOUN
easat-9654	434	11	enterprises	enterprise	NOUN
easat-9654	434	12	,	,	PUNCT
easat-9654	434	13	a	a	DET
easat-9654	434	14	tiered	tiere	VERB
easat-9654	434	15	sandbox	sandbox	NOUN
easat-9654	434	16	system	system	NOUN
easat-9654	434	17	should	should	AUX
easat-9654	434	18	be	be	AUX
easat-9654	434	19	implemented	implement	VERB
easat-9654	434	20	.	.	PUNCT
easat-9654	435	1	fintech	fintech	NOUN
easat-9654	435	2	companies	company	NOUN
easat-9654	435	3	consist	consist	VERB
easat-9654	435	4	of	of	ADP
easat-9654	435	5	several	several	ADJ
easat-9654	435	6	sub	sub	NOUN
easat-9654	435	7	-	-	NOUN
easat-9654	435	8	sectors	sector	NOUN
easat-9654	435	9	,	,	PUNCT
easat-9654	435	10	such	such	ADJ
easat-9654	435	11	as	as	ADP
easat-9654	435	12	online	online	ADJ
easat-9654	435	13	payment	payment	NOUN
easat-9654	435	14	services	service	NOUN
easat-9654	435	15	,	,	PUNCT
easat-9654	435	16	digital	digital	ADJ
easat-9654	435	17	banks	bank	NOUN
easat-9654	435	18	,	,	PUNCT
easat-9654	435	19	and	and	CCONJ
easat-9654	435	20	insurtech	insurtech	NOUN
easat-9654	435	21	,	,	PUNCT
easat-9654	435	22	among	among	ADP
easat-9654	435	23	others	other	NOUN
easat-9654	435	24	.	.	PUNCT
easat-9654	436	1	the	the	DET
easat-9654	436	2	risk	risk	NOUN
easat-9654	436	3	profiles	profile	NOUN
easat-9654	436	4	,	,	PUNCT
easat-9654	436	5	innovation	innovation	NOUN
easat-9654	436	6	frameworks	framework	NOUN
easat-9654	436	7	,	,	PUNCT
easat-9654	436	8	and	and	CCONJ
easat-9654	436	9	technological	technological	ADJ
easat-9654	436	10	maturity	maturity	NOUN
easat-9654	436	11	levels	level	NOUN
easat-9654	436	12	of	of	ADP
easat-9654	436	13	different	different	ADJ
easat-9654	436	14	industries	industry	NOUN
easat-9654	436	15	vary	vary	VERB
easat-9654	436	16	significantly	significantly	ADV
easat-9654	436	17	.	.	PUNCT
easat-9654	437	1	a	a	DET
easat-9654	437	2	universal	universal	ADJ
easat-9654	437	3	regulatory	regulatory	ADJ
easat-9654	437	4	sandbox	sandbox	NOUN
easat-9654	437	5	is	be	AUX
easat-9654	437	6	unlikely	unlikely	ADJ
easat-9654	437	7	to	to	PART
easat-9654	437	8	fully	fully	ADV
easat-9654	437	9	address	address	VERB
easat-9654	437	10	these	these	DET
easat-9654	437	11	diverse	diverse	ADJ
easat-9654	437	12	requirements	requirement	NOUN
easat-9654	437	13	.	.	PUNCT
easat-9654	438	1	for	for	ADP
easat-9654	438	2	instance	instance	NOUN
easat-9654	438	3	,	,	PUNCT
easat-9654	438	4	the	the	DET
easat-9654	438	5	mas	mas	PROPN
easat-9654	438	6	has	have	AUX
easat-9654	438	7	adopted	adopt	VERB
easat-9654	438	8	a	a	DET
easat-9654	438	9	differentiated	differentiated	ADJ
easat-9654	438	10	sandbox	sandbox	NOUN
easat-9654	438	11	approach	approach	NOUN
easat-9654	438	12	for	for	ADP
easat-9654	438	13	fintech	fintech	NOUN
easat-9654	438	14	enterprises	enterprise	NOUN
easat-9654	438	15	in	in	ADP
easat-9654	438	16	different	different	ADJ
easat-9654	438	17	fields	field	NOUN
easat-9654	438	18	,	,	PUNCT
easat-9654	438	19	providing	provide	VERB
easat-9654	438	20	distinct	distinct	ADJ
easat-9654	438	21	regulatory	regulatory	ADJ
easat-9654	438	22	standards	standard	NOUN
easat-9654	438	23	and	and	CCONJ
easat-9654	438	24	guidance	guidance	NOUN
easat-9654	438	25	measures	measure	NOUN
easat-9654	438	26	for	for	ADP
easat-9654	438	27	payment	payment	NOUN
easat-9654	438	28	services	service	NOUN
easat-9654	438	29	,	,	PUNCT
easat-9654	438	30	insurance	insurance	NOUN
easat-9654	438	31	,	,	PUNCT
easat-9654	438	32	and	and	CCONJ
easat-9654	438	33	the	the	DET
easat-9654	438	34	securities	security	NOUN
easat-9654	438	35	market	market	NOUN
easat-9654	438	36	[	[	X
easat-9654	438	37	83	83	NUM
easat-9654	438	38	]	]	PUNCT
easat-9654	438	39	.	.	PUNCT
easat-9654	439	1	this	this	DET
easat-9654	439	2	tiered	tiere	VERB
easat-9654	439	3	sandbox	sandbox	NOUN
easat-9654	439	4	enables	enable	VERB
easat-9654	439	5	regulatory	regulatory	ADJ
easat-9654	439	6	authorities	authority	NOUN
easat-9654	439	7	to	to	PART
easat-9654	439	8	adjust	adjust	VERB
easat-9654	439	9	regulatory	regulatory	ADJ
easat-9654	439	10	requirements	requirement	NOUN
easat-9654	439	11	based	base	VERB
easat-9654	439	12	on	on	ADP
easat-9654	439	13	different	different	ADJ
easat-9654	439	14	risk	risk	NOUN
easat-9654	439	15	levels	level	NOUN
easat-9654	439	16	and	and	CCONJ
easat-9654	439	17	technological	technological	ADJ
easat-9654	439	18	maturity	maturity	NOUN
easat-9654	439	19	,	,	PUNCT
easat-9654	439	20	thereby	thereby	ADV
easat-9654	439	21	ensuring	ensure	VERB
easat-9654	439	22	that	that	SCONJ
easat-9654	439	23	regulatory	regulatory	ADJ
easat-9654	439	24	measures	measure	NOUN
easat-9654	439	25	are	be	AUX
easat-9654	439	26	more	more	ADV
easat-9654	439	27	precise	precise	ADJ
easat-9654	439	28	and	and	CCONJ
easat-9654	439	29	preventing	prevent	VERB
easat-9654	439	30	overly	overly	ADV
easat-9654	439	31	strict	strict	ADJ
easat-9654	439	32	regulation	regulation	NOUN
easat-9654	439	33	from	from	ADP
easat-9654	439	34	hindering	hinder	VERB
easat-9654	439	35	innovation	innovation	NOUN
easat-9654	439	36	or	or	CCONJ
easat-9654	439	37	overly	overly	ADV
easat-9654	439	38	lenient	lenient	ADJ
easat-9654	439	39	regulation	regulation	NOUN
easat-9654	439	40	from	from	ADP
easat-9654	439	41	causing	cause	VERB
easat-9654	439	42	risk	risk	NOUN
easat-9654	439	43	spillovers	spillover	NOUN
easat-9654	439	44	.	.	PUNCT
easat-9654	440	1	at	at	ADP
easat-9654	440	2	the	the	DET
easat-9654	440	3	same	same	ADJ
easat-9654	440	4	time	time	NOUN
easat-9654	440	5	,	,	PUNCT
easat-9654	440	6	classifying	classify	VERB
easat-9654	440	7	enterprises	enterprise	NOUN
easat-9654	440	8	according	accord	VERB
easat-9654	440	9	to	to	ADP
easat-9654	440	10	their	their	PRON
easat-9654	440	11	development	development	NOUN
easat-9654	440	12	stage	stage	NOUN
easat-9654	440	13	and	and	CCONJ
easat-9654	440	14	risk	risk	NOUN
easat-9654	440	15	profile	profile	NOUN
easat-9654	440	16	can	can	AUX
easat-9654	440	17	significantly	significantly	ADV
easat-9654	440	18	enhance	enhance	VERB
easat-9654	440	19	the	the	DET
easat-9654	440	20	efficiency	efficiency	NOUN
easat-9654	440	21	of	of	ADP
easat-9654	440	22	regulatory	regulatory	ADJ
easat-9654	440	23	authorities	authority	NOUN
easat-9654	440	24	,	,	PUNCT
easat-9654	440	25	thus	thus	ADV
easat-9654	440	26	preventing	prevent	VERB
easat-9654	440	27	unnecessary	unnecessary	ADJ
easat-9654	440	28	regulatory	regulatory	ADJ
easat-9654	440	29	resource	resource	NOUN
easat-9654	440	30	expenditures	expenditure	NOUN
easat-9654	440	31	.	.	PUNCT
easat-9654	441	1	this	this	PRON
easat-9654	441	2	further	further	ADJ
easat-9654	441	3	lowers	lower	VERB
easat-9654	441	4	innovation	innovation	NOUN
easat-9654	441	5	barriers	barrier	NOUN
easat-9654	441	6	and	and	CCONJ
easat-9654	441	7	improves	improve	VERB
easat-9654	441	8	overall	overall	ADJ
easat-9654	441	9	innovation	innovation	NOUN
easat-9654	441	10	efficiency	efficiency	NOUN
easat-9654	441	11	.	.	PUNCT
easat-9654	442	1	5.4.2	5.4.2	X
easat-9654	442	2	.	.	PUNCT
easat-9654	442	3	jointly	jointly	ADV
easat-9654	442	4	develop	develop	VERB
easat-9654	442	5	compatibility	compatibility	NOUN
easat-9654	442	6	tools	tool	NOUN
easat-9654	442	7	to	to	PART
easat-9654	442	8	reduce	reduce	VERB
easat-9654	442	9	enterprise	enterprise	NOUN
easat-9654	442	10	costs	cost	NOUN
easat-9654	442	11	collaborate	collaborate	VERB
easat-9654	442	12	to	to	PART
easat-9654	442	13	create	create	VERB
easat-9654	442	14	an	an	DET
easat-9654	442	15	api	api	NOUN
easat-9654	442	16	compatibility	compatibility	NOUN
easat-9654	442	17	certification	certification	NOUN
easat-9654	442	18	tool	tool	NOUN
easat-9654	442	19	to	to	PART
easat-9654	442	20	ensure	ensure	VERB
easat-9654	442	21	that	that	SCONJ
easat-9654	442	22	fintech	fintech	NOUN
easat-9654	442	23	systems	system	NOUN
easat-9654	442	24	comply	comply	VERB
easat-9654	442	25	with	with	ADP
easat-9654	442	26	the	the	DET
easat-9654	442	27	electronic	electronic	ADJ
easat-9654	442	28	money	money	NOUN
easat-9654	442	29	standards	standard	NOUN
easat-9654	442	30	set	set	VERB
easat-9654	442	31	by	by	ADP
easat-9654	442	32	the	the	DET
easat-9654	442	33	bank	bank	PROPN
easat-9654	442	34	of	of	ADP
easat-9654	442	35	indonesia	indonesia	PROPN
easat-9654	442	36	(	(	PUNCT
easat-9654	442	37	bi	bi	NOUN
easat-9654	442	38	regulation	regulation	NOUN
easat-9654	442	39	20/2018	20/2018	PROPN
easat-9654	442	40	)	)	PUNCT
easat-9654	442	41	.	.	PUNCT
easat-9654	443	1	by	by	ADP
easat-9654	443	2	using	use	VERB
easat-9654	443	3	standardized	standardized	ADJ
easat-9654	443	4	interfaces	interface	NOUN
easat-9654	443	5	,	,	PUNCT
easat-9654	443	6	redundant	redundant	ADJ
easat-9654	443	7	development	development	NOUN
easat-9654	443	8	work	work	NOUN
easat-9654	443	9	caused	cause	VERB
easat-9654	443	10	by	by	ADP
easat-9654	443	11	system	system	NOUN
easat-9654	443	12	incompatibility	incompatibility	NOUN
easat-9654	443	13	can	can	AUX
easat-9654	443	14	be	be	AUX
easat-9654	443	15	minimized	minimize	VERB
easat-9654	443	16	,	,	PUNCT
easat-9654	443	17	thereby	thereby	ADV
easat-9654	443	18	reducing	reduce	VERB
easat-9654	443	19	the	the	DET
easat-9654	443	20	technical	technical	ADJ
easat-9654	443	21	and	and	CCONJ
easat-9654	443	22	time	time	NOUN
easat-9654	443	23	costs	cost	NOUN
easat-9654	443	24	for	for	ADP
easat-9654	443	25	enterprises	enterprise	NOUN
easat-9654	443	26	.	.	PUNCT
easat-9654	444	1	at	at	ADP
easat-9654	444	2	the	the	DET
easat-9654	444	3	same	same	ADJ
easat-9654	444	4	time	time	NOUN
easat-9654	444	5	,	,	PUNCT
easat-9654	444	6	enhance	enhance	VERB
easat-9654	444	7	communication	communication	NOUN
easat-9654	444	8	and	and	CCONJ
easat-9654	444	9	coordination	coordination	NOUN
easat-9654	444	10	between	between	ADP
easat-9654	444	11	china	china	PROPN
easat-9654	444	12	and	and	CCONJ
easat-9654	444	13	indonesia	indonesia	PROPN
easat-9654	444	14	on	on	ADP
easat-9654	444	15	technical	technical	ADJ
easat-9654	444	16	standards	standard	NOUN
easat-9654	444	17	,	,	PUNCT
easat-9654	444	18	promote	promote	VERB
easat-9654	444	19	the	the	DET
easat-9654	444	20	formation	formation	NOUN
easat-9654	444	21	of	of	ADP
easat-9654	444	22	unified	unified	ADJ
easat-9654	444	23	cross	cross	ADJ
easat-9654	444	24	-	-	ADJ
easat-9654	444	25	border	border	ADJ
easat-9654	444	26	fintech	fintech	NOUN
easat-9654	444	27	technical	technical	ADJ
easat-9654	444	28	standards	standard	NOUN
easat-9654	444	29	,	,	PUNCT
easat-9654	444	30	and	and	CCONJ
easat-9654	444	31	facilitate	facilitate	VERB
easat-9654	444	32	cross	cross	ADJ
easat-9654	444	33	-	-	ADJ
easat-9654	444	34	border	border	ADJ
easat-9654	444	35	cooperation	cooperation	NOUN
easat-9654	444	36	between	between	ADP
easat-9654	444	37	fintech	fintech	NOUN
easat-9654	444	38	enterprises	enterprise	NOUN
easat-9654	444	39	of	of	ADP
easat-9654	444	40	the	the	DET
easat-9654	444	41	two	two	NUM
easat-9654	444	42	countries	country	NOUN
easat-9654	444	43	.	.	PUNCT
easat-9654	445	1	1575	1575	NUM
easat-9654	445	2	edelweiss	edelweiss	PROPN
easat-9654	445	3	applied	apply	VERB
easat-9654	445	4	science	science	NOUN
easat-9654	445	5	and	and	CCONJ
easat-9654	445	6	technology	technology	NOUN
easat-9654	445	7	issn	issn	PROPN
easat-9654	445	8	:	:	PUNCT
easat-9654	445	9	2576	2576	NUM
easat-9654	445	10	-	-	SYM
easat-9654	445	11	8484	8484	NUM
easat-9654	445	12	vol	vol	NOUN
easat-9654	445	13	.	.	PROPN
easat-9654	446	1	9	9	NUM
easat-9654	446	2	,	,	PUNCT
easat-9654	446	3	no	no	INTJ
easat-9654	446	4	.	.	NOUN
easat-9654	446	5	8	8	NUM
easat-9654	446	6	:	:	SYM
easat-9654	446	7	1558	1558	NUM
easat-9654	446	8	-	-	SYM
easat-9654	446	9	1579	1579	NUM
easat-9654	446	10	,	,	PUNCT
easat-9654	446	11	2025	2025	NUM
easat-9654	446	12	doi	doi	NOUN
easat-9654	446	13	:	:	PUNCT
easat-9654	446	14	10.55214/2576	10.55214/2576	NUM
easat-9654	446	15	-	-	PUNCT
easat-9654	446	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	446	17	©	©	PROPN
easat-9654	446	18	2025	2025	NUM
easat-9654	446	19	by	by	ADP
easat-9654	446	20	the	the	DET
easat-9654	446	21	authors	author	NOUN
easat-9654	446	22	;	;	PUNCT
easat-9654	446	23	licensee	licensee	PROPN
easat-9654	446	24	learning	learn	VERB
easat-9654	446	25	gate	gate	NOUN
easat-9654	446	26	5.4.3	5.4.3	PROPN
easat-9654	446	27	.	.	PUNCT
easat-9654	446	28	introduce	introduce	VERB
easat-9654	446	29	regulatory	regulatory	ADJ
easat-9654	446	30	technology	technology	NOUN
easat-9654	446	31	solutions	solution	NOUN
easat-9654	446	32	to	to	PART
easat-9654	446	33	strengthen	strengthen	VERB
easat-9654	446	34	risk	risk	NOUN
easat-9654	446	35	management	management	NOUN
easat-9654	446	36	and	and	CCONJ
easat-9654	446	37	control	control	NOUN
easat-9654	446	38	.	.	PUNCT
easat-9654	447	1	adopt	adopt	VERB
easat-9654	447	2	china	china	PROPN
easat-9654	447	3	's	's	PART
easat-9654	447	4	blockchain	blockchain	PROPN
easat-9654	447	5	traceability	traceability	NOUN
easat-9654	447	6	technology	technology	NOUN
easat-9654	447	7	to	to	PART
easat-9654	447	8	monitor	monitor	VERB
easat-9654	447	9	the	the	DET
easat-9654	447	10	transaction	transaction	NOUN
easat-9654	447	11	activities	activity	NOUN
easat-9654	447	12	in	in	ADP
easat-9654	447	13	the	the	DET
easat-9654	447	14	sandbox	sandbox	NOUN
easat-9654	447	15	in	in	ADP
easat-9654	447	16	real	real	ADJ
easat-9654	447	17	time	time	NOUN
easat-9654	447	18	.	.	PUNCT
easat-9654	448	1	we	we	PRON
easat-9654	448	2	can	can	AUX
easat-9654	448	3	also	also	ADV
easat-9654	448	4	draw	draw	VERB
easat-9654	448	5	on	on	ADP
easat-9654	448	6	the	the	DET
easat-9654	448	7	practical	practical	ADJ
easat-9654	448	8	expertise	expertise	NOUN
easat-9654	448	9	of	of	ADP
easat-9654	448	10	the	the	DET
easat-9654	448	11	uk	uk	PROPN
easat-9654	448	12	financial	financial	ADJ
easat-9654	448	13	conduct	conduct	NOUN
easat-9654	448	14	authority	authority	NOUN
easat-9654	448	15	(	(	PUNCT
easat-9654	448	16	fca	fca	PROPN
easat-9654	448	17	)	)	PUNCT
easat-9654	448	18	sandbox	sandbox	NOUN
easat-9654	448	19	and	and	CCONJ
easat-9654	448	20	distributed	distributed	ADJ
easat-9654	448	21	ledger	ledger	NOUN
easat-9654	448	22	technology	technology	NOUN
easat-9654	448	23	,	,	PUNCT
easat-9654	448	24	and	and	CCONJ
easat-9654	448	25	leverage	leverage	VERB
easat-9654	448	26	the	the	DET
easat-9654	448	27	tamper	tamper	NOUN
easat-9654	448	28	-	-	NOUN
easat-9654	448	29	proof	proof	ADJ
easat-9654	448	30	and	and	CCONJ
easat-9654	448	31	traceable	traceable	ADJ
easat-9654	448	32	attributes	attribute	NOUN
easat-9654	448	33	of	of	ADP
easat-9654	448	34	blockchain	blockchain	PROPN
easat-9654	448	35	to	to	PART
easat-9654	448	36	enhance	enhance	VERB
easat-9654	448	37	the	the	DET
easat-9654	448	38	transparency	transparency	NOUN
easat-9654	448	39	and	and	CCONJ
easat-9654	448	40	efficiency	efficiency	NOUN
easat-9654	448	41	of	of	ADP
easat-9654	448	42	supervision	supervision	NOUN
easat-9654	448	43	[	[	X
easat-9654	448	44	68	68	NUM
easat-9654	448	45	]	]	PUNCT
easat-9654	448	46	.	.	PUNCT
easat-9654	449	1	meanwhile	meanwhile	ADV
easat-9654	449	2	,	,	PUNCT
easat-9654	449	3	it	it	PRON
easat-9654	449	4	is	be	AUX
easat-9654	449	5	advocated	advocate	VERB
easat-9654	449	6	to	to	PART
easat-9654	449	7	establish	establish	VERB
easat-9654	449	8	a	a	DET
easat-9654	449	9	cross	cross	ADJ
easat-9654	449	10	-	-	ADJ
easat-9654	449	11	border	border	ADJ
easat-9654	449	12	data	datum	NOUN
easat-9654	449	13	security	security	NOUN
easat-9654	449	14	certification	certification	NOUN
easat-9654	449	15	framework	framework	NOUN
easat-9654	449	16	to	to	PART
easat-9654	449	17	eliminate	eliminate	VERB
easat-9654	449	18	the	the	DET
easat-9654	449	19	barriers	barrier	NOUN
easat-9654	449	20	of	of	ADP
easat-9654	449	21	test	test	NOUN
easat-9654	449	22	data	datum	NOUN
easat-9654	449	23	between	between	ADP
easat-9654	449	24	china	china	PROPN
easat-9654	449	25	and	and	CCONJ
easat-9654	449	26	indonesia	indonesia	PROPN
easat-9654	449	27	.	.	PUNCT
easat-9654	450	1	5.4.4	5.4.4	X
easat-9654	450	2	.	.	PUNCT
easat-9654	451	1	strengthen	strengthen	VERB
easat-9654	451	2	joint	joint	ADJ
easat-9654	451	3	talent	talent	NOUN
easat-9654	451	4	cultivation	cultivation	NOUN
easat-9654	451	5	and	and	CCONJ
easat-9654	451	6	enhance	enhance	VERB
easat-9654	451	7	compliance	compliance	NOUN
easat-9654	451	8	capabilities	capability	NOUN
easat-9654	451	9	.	.	PUNCT
easat-9654	452	1	we	we	PRON
easat-9654	452	2	should	should	AUX
easat-9654	452	3	follow	follow	VERB
easat-9654	452	4	the	the	DET
easat-9654	452	5	talent	talent	NOUN
easat-9654	452	6	development	development	NOUN
easat-9654	452	7	framework	framework	NOUN
easat-9654	452	8	of	of	ADP
easat-9654	452	9	cooperation	cooperation	NOUN
easat-9654	452	10	between	between	ADP
easat-9654	452	11	hunan	hunan	PROPN
easat-9654	452	12	sany	sany	PROPN
easat-9654	452	13	polytechnic	polytechnic	PROPN
easat-9654	452	14	and	and	CCONJ
easat-9654	452	15	indonesia	indonesia	PROPN
easat-9654	452	16	's	's	PART
easat-9654	452	17	karawang	karawang	PROPN
easat-9654	452	18	university	university	PROPN
easat-9654	452	19	to	to	PART
easat-9654	452	20	cultivate	cultivate	VERB
easat-9654	452	21	and	and	CCONJ
easat-9654	452	22	train	train	VERB
easat-9654	452	23	multilingual	multilingual	ADJ
easat-9654	452	24	compliance	compliance	NOUN
easat-9654	452	25	experts	expert	NOUN
easat-9654	452	26	[	[	X
easat-9654	452	27	84	84	NUM
easat-9654	452	28	]	]	PUNCT
easat-9654	452	29	.	.	PUNCT
easat-9654	453	1	this	this	DET
easat-9654	453	2	approach	approach	NOUN
easat-9654	453	3	aims	aim	VERB
easat-9654	453	4	to	to	PART
easat-9654	453	5	cultivate	cultivate	VERB
easat-9654	453	6	multidisciplinary	multidisciplinary	ADJ
easat-9654	453	7	capabilities	capability	NOUN
easat-9654	453	8	through	through	ADP
easat-9654	453	9	cooperative	cooperative	ADJ
easat-9654	453	10	education	education	NOUN
easat-9654	453	11	programs	program	NOUN
easat-9654	453	12	and	and	CCONJ
easat-9654	453	13	academic	academic	ADJ
easat-9654	453	14	exchanges	exchange	NOUN
easat-9654	453	15	,	,	PUNCT
easat-9654	453	16	ensuring	ensure	VERB
easat-9654	453	17	that	that	SCONJ
easat-9654	453	18	students	student	NOUN
easat-9654	453	19	master	master	NOUN
easat-9654	453	20	fintech	fintech	NOUN
easat-9654	453	21	technologies	technology	NOUN
easat-9654	453	22	proficiently	proficiently	ADV
easat-9654	453	23	on	on	ADP
easat-9654	453	24	the	the	DET
easat-9654	453	25	basis	basis	NOUN
easat-9654	453	26	of	of	ADP
easat-9654	453	27	a	a	DET
easat-9654	453	28	comprehensive	comprehensive	ADJ
easat-9654	453	29	understanding	understanding	NOUN
easat-9654	453	30	of	of	ADP
easat-9654	453	31	the	the	DET
easat-9654	453	32	legal	legal	ADJ
easat-9654	453	33	frameworks	framework	NOUN
easat-9654	453	34	and	and	CCONJ
easat-9654	453	35	policies	policy	NOUN
easat-9654	453	36	of	of	ADP
easat-9654	453	37	both	both	DET
easat-9654	453	38	china	china	PROPN
easat-9654	453	39	and	and	CCONJ
easat-9654	453	40	indonesia	indonesia	PROPN
easat-9654	453	41	.	.	PUNCT
easat-9654	454	1	meanwhile	meanwhile	ADV
easat-9654	454	2	,	,	PUNCT
easat-9654	454	3	it	it	PRON
easat-9654	454	4	is	be	AUX
easat-9654	454	5	necessary	necessary	ADJ
easat-9654	454	6	to	to	PART
easat-9654	454	7	create	create	VERB
easat-9654	454	8	multilingual	multilingual	ADJ
easat-9654	454	9	financial	financial	ADJ
easat-9654	454	10	knowledge	knowledge	NOUN
easat-9654	454	11	toolkits	toolkit	NOUN
easat-9654	454	12	,	,	PUNCT
easat-9654	454	13	including	include	VERB
easat-9654	454	14	materials	material	NOUN
easat-9654	454	15	from	from	ADP
easat-9654	454	16	the	the	DET
easat-9654	454	17	ojk	ojk	NOUN
easat-9654	454	18	's	's	PART
easat-9654	454	19	digital	digital	ADJ
easat-9654	454	20	education	education	NOUN
easat-9654	454	21	program	program	NOUN
easat-9654	454	22	.	.	PUNCT
easat-9654	455	1	this	this	PRON
easat-9654	455	2	will	will	AUX
easat-9654	455	3	enhance	enhance	VERB
easat-9654	455	4	consumers	consumer	NOUN
easat-9654	455	5	'	'	PART
easat-9654	455	6	financial	financial	ADJ
easat-9654	455	7	literacy	literacy	NOUN
easat-9654	455	8	and	and	CCONJ
easat-9654	455	9	risk	risk	NOUN
easat-9654	455	10	awareness	awareness	NOUN
easat-9654	455	11	,	,	PUNCT
easat-9654	455	12	strengthen	strengthen	VERB
easat-9654	455	13	consumer	consumer	NOUN
easat-9654	455	14	protection	protection	NOUN
easat-9654	455	15	,	,	PUNCT
easat-9654	455	16	and	and	CCONJ
easat-9654	455	17	foster	foster	VERB
easat-9654	455	18	a	a	DET
easat-9654	455	19	favorable	favorable	ADJ
easat-9654	455	20	social	social	ADJ
easat-9654	455	21	atmosphere	atmosphere	NOUN
easat-9654	455	22	for	for	ADP
easat-9654	455	23	the	the	DET
easat-9654	455	24	robust	robust	ADJ
easat-9654	455	25	growth	growth	NOUN
easat-9654	455	26	of	of	ADP
easat-9654	455	27	fintech	fintech	NOUN
easat-9654	455	28	businesses	business	NOUN
easat-9654	455	29	.	.	PUNCT
easat-9654	456	1	6	6	X
easat-9654	456	2	.	.	X
easat-9654	456	3	conclusion	conclusion	NOUN
easat-9654	456	4	this	this	DET
easat-9654	456	5	article	article	NOUN
easat-9654	456	6	employs	employ	VERB
easat-9654	456	7	case	case	NOUN
easat-9654	456	8	analysis	analysis	NOUN
easat-9654	456	9	and	and	CCONJ
easat-9654	456	10	regional	regional	ADJ
easat-9654	456	11	comparative	comparative	ADJ
easat-9654	456	12	research	research	NOUN
easat-9654	456	13	methods	method	NOUN
easat-9654	456	14	to	to	PART
easat-9654	456	15	comprehensively	comprehensively	ADV
easat-9654	456	16	analyze	analyze	VERB
easat-9654	456	17	the	the	DET
easat-9654	456	18	compliance	compliance	NOUN
easat-9654	456	19	operation	operation	NOUN
easat-9654	456	20	environment	environment	NOUN
easat-9654	456	21	and	and	CCONJ
easat-9654	456	22	related	related	ADJ
easat-9654	456	23	issues	issue	NOUN
easat-9654	456	24	of	of	ADP
easat-9654	456	25	chinese	chinese	ADJ
easat-9654	456	26	fintech	fintech	NOUN
easat-9654	456	27	companies	company	NOUN
easat-9654	456	28	in	in	ADP
easat-9654	456	29	the	the	DET
easat-9654	456	30	indonesian	indonesian	ADJ
easat-9654	456	31	market	market	NOUN
easat-9654	456	32	.	.	PUNCT
easat-9654	457	1	against	against	ADP
easat-9654	457	2	the	the	DET
easat-9654	457	3	backdrop	backdrop	NOUN
easat-9654	457	4	of	of	ADP
easat-9654	457	5	the	the	DET
easat-9654	457	6	booming	booming	ADJ
easat-9654	457	7	digital	digital	ADJ
easat-9654	457	8	economy	economy	NOUN
easat-9654	457	9	in	in	ADP
easat-9654	457	10	southeast	southeast	PROPN
easat-9654	457	11	asia	asia	PROPN
easat-9654	457	12	,	,	PUNCT
easat-9654	457	13	the	the	DET
easat-9654	457	14	fintech	fintech	NOUN
easat-9654	457	15	industry	industry	NOUN
easat-9654	457	16	in	in	ADP
easat-9654	457	17	indonesia	indonesia	PROPN
easat-9654	457	18	has	have	VERB
easat-9654	457	19	significant	significant	ADJ
easat-9654	457	20	development	development	NOUN
easat-9654	457	21	potential	potential	NOUN
easat-9654	457	22	and	and	CCONJ
easat-9654	457	23	a	a	DET
easat-9654	457	24	rapidly	rapidly	ADV
easat-9654	457	25	expanding	expand	VERB
easat-9654	457	26	market	market	NOUN
easat-9654	457	27	size	size	NOUN
easat-9654	457	28	,	,	PUNCT
easat-9654	457	29	creating	create	VERB
easat-9654	457	30	a	a	DET
easat-9654	457	31	favorable	favorable	ADJ
easat-9654	457	32	environment	environment	NOUN
easat-9654	457	33	for	for	ADP
easat-9654	457	34	cross	cross	ADJ
easat-9654	457	35	-	-	ADJ
easat-9654	457	36	border	border	ADJ
easat-9654	457	37	capital	capital	NOUN
easat-9654	457	38	investment	investment	NOUN
easat-9654	457	39	.	.	PUNCT
easat-9654	458	1	nevertheless	nevertheless	ADV
easat-9654	458	2	,	,	PUNCT
easat-9654	458	3	along	along	ADP
easat-9654	458	4	with	with	ADP
easat-9654	458	5	this	this	DET
easat-9654	458	6	business	business	NOUN
easat-9654	458	7	opportunity	opportunity	NOUN
easat-9654	458	8	comes	come	VERB
easat-9654	458	9	a	a	DET
easat-9654	458	10	multi	multi	ADJ
easat-9654	458	11	-	-	ADJ
easat-9654	458	12	faceted	faceted	ADJ
easat-9654	458	13	regulatory	regulatory	ADJ
easat-9654	458	14	environment	environment	NOUN
easat-9654	458	15	characterized	characterize	VERB
easat-9654	458	16	by	by	ADP
easat-9654	458	17	indonesia	indonesia	PROPN
easat-9654	458	18	's	's	PART
easat-9654	458	19	unique	unique	ADJ
easat-9654	458	20	legal	legal	ADJ
easat-9654	458	21	and	and	CCONJ
easat-9654	458	22	cultural	cultural	ADJ
easat-9654	458	23	scope	scope	NOUN
easat-9654	458	24	,	,	PUNCT
easat-9654	458	25	a	a	DET
easat-9654	458	26	multi	multi	ADJ
easat-9654	458	27	-	-	ADJ
easat-9654	458	28	tiered	tiered	ADJ
easat-9654	458	29	regulatory	regulatory	ADJ
easat-9654	458	30	framework	framework	NOUN
easat-9654	458	31	,	,	PUNCT
easat-9654	458	32	strict	strict	ADJ
easat-9654	458	33	data	datum	NOUN
easat-9654	458	34	sovereignty	sovereignty	NOUN
easat-9654	458	35	laws	law	NOUN
easat-9654	458	36	,	,	PUNCT
easat-9654	458	37	and	and	CCONJ
easat-9654	458	38	the	the	DET
easat-9654	458	39	intricate	intricate	ADJ
easat-9654	458	40	interplay	interplay	NOUN
easat-9654	458	41	between	between	ADP
easat-9654	458	42	religious	religious	ADJ
easat-9654	458	43	ethics	ethic	NOUN
easat-9654	458	44	and	and	CCONJ
easat-9654	458	45	localized	localized	ADJ
easat-9654	458	46	narratives	narrative	NOUN
easat-9654	458	47	.	.	PUNCT
easat-9654	459	1	these	these	DET
easat-9654	459	2	factors	factor	NOUN
easat-9654	459	3	collectively	collectively	ADV
easat-9654	459	4	pose	pose	VERB
easat-9654	459	5	significant	significant	ADJ
easat-9654	459	6	compliance	compliance	NOUN
easat-9654	459	7	challenges	challenge	NOUN
easat-9654	459	8	.	.	PUNCT
easat-9654	460	1	this	this	DET
easat-9654	460	2	regulatory	regulatory	ADJ
easat-9654	460	3	landscape	landscape	NOUN
easat-9654	460	4	demands	demand	VERB
easat-9654	460	5	that	that	SCONJ
easat-9654	460	6	chinese	chinese	ADJ
easat-9654	460	7	companies	company	NOUN
easat-9654	460	8	abandon	abandon	VERB
easat-9654	460	9	standardized	standardized	ADJ
easat-9654	460	10	compliance	compliance	NOUN
easat-9654	460	11	frameworks	framework	NOUN
easat-9654	460	12	and	and	CCONJ
easat-9654	460	13	develop	develop	VERB
easat-9654	460	14	a	a	DET
easat-9654	460	15	dynamic	dynamic	ADJ
easat-9654	460	16	,	,	PUNCT
easat-9654	460	17	finely	finely	ADV
easat-9654	460	18	calibrated	calibrate	VERB
easat-9654	460	19	compliance	compliance	NOUN
easat-9654	460	20	strategy	strategy	NOUN
easat-9654	460	21	system	system	NOUN
easat-9654	460	22	to	to	PART
easat-9654	460	23	facilitate	facilitate	VERB
easat-9654	460	24	the	the	DET
easat-9654	460	25	organic	organic	ADJ
easat-9654	460	26	integration	integration	NOUN
easat-9654	460	27	of	of	ADP
easat-9654	460	28	legal	legal	ADJ
easat-9654	460	29	texts	text	NOUN
easat-9654	460	30	and	and	CCONJ
easat-9654	460	31	local	local	ADJ
easat-9654	460	32	practices	practice	NOUN
easat-9654	460	33	.	.	PUNCT
easat-9654	461	1	this	this	DET
easat-9654	461	2	study	study	NOUN
easat-9654	461	3	,	,	PUNCT
easat-9654	461	4	through	through	ADP
easat-9654	461	5	a	a	DET
easat-9654	461	6	comparative	comparative	ADJ
easat-9654	461	7	analysis	analysis	NOUN
easat-9654	461	8	of	of	ADP
easat-9654	461	9	regulatory	regulatory	ADJ
easat-9654	461	10	models	model	NOUN
easat-9654	461	11	in	in	ADP
easat-9654	461	12	china	china	PROPN
easat-9654	461	13	,	,	PUNCT
easat-9654	461	14	singapore	singapore	PROPN
easat-9654	461	15	and	and	CCONJ
easat-9654	461	16	malaysia	malaysia	PROPN
easat-9654	461	17	,	,	PUNCT
easat-9654	461	18	reveals	reveal	VERB
easat-9654	461	19	the	the	DET
easat-9654	461	20	dual	dual	ADJ
easat-9654	461	21	characteristics	characteristic	NOUN
easat-9654	461	22	of	of	ADP
easat-9654	461	23	indonesia	indonesia	PROPN
easat-9654	461	24	's	's	PART
easat-9654	461	25	regulatory	regulatory	ADJ
easat-9654	461	26	system	system	NOUN
easat-9654	461	27	:	:	PUNCT
easat-9654	461	28	although	although	SCONJ
easat-9654	461	29	its	its	PRON
easat-9654	461	30	"	"	PUNCT
easat-9654	461	31	dual	dual	ADJ
easat-9654	461	32	-	-	PUNCT
easat-9654	461	33	track	track	NOUN
easat-9654	461	34	"	"	PUNCT
easat-9654	461	35	framework	framework	NOUN
easat-9654	461	36	demonstrates	demonstrate	VERB
easat-9654	461	37	institutional	institutional	ADJ
easat-9654	461	38	flexibility	flexibility	NOUN
easat-9654	461	39	in	in	ADP
easat-9654	461	40	mitigating	mitigate	VERB
easat-9654	461	41	systemic	systemic	ADJ
easat-9654	461	42	risks	risk	NOUN
easat-9654	461	43	,	,	PUNCT
easat-9654	461	44	the	the	DET
easat-9654	461	45	decentralized	decentralized	ADJ
easat-9654	461	46	allocation	allocation	NOUN
easat-9654	461	47	of	of	ADP
easat-9654	461	48	regulatory	regulatory	ADJ
easat-9654	461	49	powers	power	NOUN
easat-9654	461	50	and	and	CCONJ
easat-9654	461	51	inconsistent	inconsistent	ADJ
easat-9654	461	52	enforcement	enforcement	NOUN
easat-9654	461	53	standards	standard	NOUN
easat-9654	461	54	objectively	objectively	ADV
easat-9654	461	55	increase	increase	VERB
easat-9654	461	56	the	the	DET
easat-9654	461	57	compliance	compliance	NOUN
easat-9654	461	58	costs	cost	NOUN
easat-9654	461	59	and	and	CCONJ
easat-9654	461	60	policy	policy	NOUN
easat-9654	461	61	uncertainties	uncertainty	NOUN
easat-9654	461	62	for	for	ADP
easat-9654	461	63	market	market	NOUN
easat-9654	461	64	entities	entity	NOUN
easat-9654	461	65	.	.	PUNCT
easat-9654	462	1	this	this	DET
easat-9654	462	2	institutional	institutional	ADJ
easat-9654	462	3	conflict	conflict	NOUN
easat-9654	462	4	is	be	AUX
easat-9654	462	5	well	well	ADV
easat-9654	462	6	illustrated	illustrate	VERB
easat-9654	462	7	in	in	ADP
easat-9654	462	8	the	the	DET
easat-9654	462	9	micro	micro	NOUN
easat-9654	462	10	-	-	NOUN
easat-9654	462	11	cases	case	NOUN
easat-9654	462	12	of	of	ADP
easat-9654	462	13	rupiahplus	rupiahplus	NOUN
easat-9654	462	14	and	and	CCONJ
easat-9654	462	15	akulaku	akulaku	PROPN
easat-9654	462	16	.	.	PUNCT
easat-9654	463	1	in	in	ADP
easat-9654	463	2	these	these	DET
easat-9654	463	3	cases	case	NOUN
easat-9654	463	4	,	,	PUNCT
easat-9654	463	5	non	non	ADJ
easat-9654	463	6	-	-	NOUN
easat-9654	463	7	compliance	compliance	NOUN
easat-9654	463	8	or	or	CCONJ
easat-9654	463	9	misinterpretation	misinterpretation	NOUN
easat-9654	463	10	of	of	ADP
easat-9654	463	11	regulations	regulation	NOUN
easat-9654	463	12	led	lead	VERB
easat-9654	463	13	to	to	ADP
easat-9654	463	14	direct	direct	VERB
easat-9654	463	15	economic	economic	ADJ
easat-9654	463	16	losses	loss	NOUN
easat-9654	463	17	and	and	CCONJ
easat-9654	463	18	may	may	AUX
easat-9654	463	19	permanently	permanently	ADV
easat-9654	463	20	erode	erode	VERB
easat-9654	463	21	trust	trust	NOUN
easat-9654	463	22	capital	capital	NOUN
easat-9654	463	23	.	.	PUNCT
easat-9654	464	1	this	this	DET
easat-9654	464	2	research	research	NOUN
easat-9654	464	3	enhances	enhance	VERB
easat-9654	464	4	the	the	DET
easat-9654	464	5	understanding	understanding	NOUN
easat-9654	464	6	of	of	ADP
easat-9654	464	7	the	the	DET
easat-9654	464	8	mechanism	mechanism	NOUN
easat-9654	464	9	of	of	ADP
easat-9654	464	10	reducing	reduce	VERB
easat-9654	464	11	regulatory	regulatory	ADJ
easat-9654	464	12	arbitrage	arbitrage	NOUN
easat-9654	464	13	in	in	ADP
easat-9654	464	14	developing	develop	VERB
easat-9654	464	15	countries	country	NOUN
easat-9654	464	16	like	like	ADP
easat-9654	464	17	indonesia	indonesia	PROPN
easat-9654	464	18	and	and	CCONJ
easat-9654	464	19	clarifies	clarify	VERB
easat-9654	464	20	the	the	DET
easat-9654	464	21	nonlinear	nonlinear	ADJ
easat-9654	464	22	dynamics	dynamic	NOUN
easat-9654	464	23	of	of	ADP
easat-9654	464	24	the	the	DET
easat-9654	464	25	"	"	PUNCT
easat-9654	464	26	regulation	regulation	NOUN
easat-9654	464	27	-	-	PUNCT
easat-9654	464	28	compliance	compliance	NOUN
easat-9654	464	29	"	"	PUNCT
easat-9654	464	30	interaction	interaction	NOUN
easat-9654	464	31	in	in	ADP
easat-9654	464	32	the	the	DET
easat-9654	464	33	globalization	globalization	NOUN
easat-9654	464	34	of	of	ADP
easat-9654	464	35	fintech	fintech	NOUN
easat-9654	464	36	.	.	PUNCT
easat-9654	465	1	chinese	chinese	ADJ
easat-9654	465	2	-	-	PUNCT
easat-9654	465	3	funded	fund	VERB
easat-9654	465	4	enterprises	enterprise	NOUN
easat-9654	465	5	must	must	AUX
easat-9654	465	6	establish	establish	VERB
easat-9654	465	7	a	a	DET
easat-9654	465	8	trinity	trinity	NOUN
easat-9654	465	9	compliance	compliance	NOUN
easat-9654	465	10	governance	governance	NOUN
easat-9654	465	11	framework	framework	NOUN
easat-9654	465	12	of	of	ADP
easat-9654	465	13	"	"	PUNCT
easat-9654	465	14	law	law	NOUN
easat-9654	465	15	-	-	PUNCT
easat-9654	465	16	culture	culture	NOUN
easat-9654	465	17	-	-	PUNCT
easat-9654	465	18	technology	technology	NOUN
easat-9654	465	19	"	"	PUNCT
easat-9654	465	20	:	:	PUNCT
easat-9654	465	21	enhance	enhance	VERB
easat-9654	465	22	dynamic	dynamic	ADJ
easat-9654	465	23	compliance	compliance	NOUN
easat-9654	465	24	capabilities	capability	NOUN
easat-9654	465	25	in	in	ADP
easat-9654	465	26	the	the	DET
easat-9654	465	27	legal	legal	ADJ
easat-9654	465	28	dimension	dimension	NOUN
easat-9654	465	29	,	,	PUNCT
easat-9654	465	30	develop	develop	VERB
easat-9654	465	31	cross	cross	ADJ
easat-9654	465	32	-	-	ADJ
easat-9654	465	33	cultural	cultural	ADJ
easat-9654	465	34	risk	risk	NOUN
easat-9654	465	35	perception	perception	NOUN
easat-9654	465	36	mechanisms	mechanism	NOUN
easat-9654	465	37	in	in	ADP
easat-9654	465	38	the	the	DET
easat-9654	465	39	cultural	cultural	ADJ
easat-9654	465	40	dimension	dimension	NOUN
easat-9654	465	41	,	,	PUNCT
easat-9654	465	42	and	and	CCONJ
easat-9654	465	43	use	use	VERB
easat-9654	465	44	regulatory	regulatory	ADJ
easat-9654	465	45	technology	technology	NOUN
easat-9654	465	46	to	to	PART
easat-9654	465	47	intelligently	intelligently	ADV
easat-9654	465	48	reconstruct	reconstruct	VERB
easat-9654	465	49	compliance	compliance	NOUN
easat-9654	465	50	processes	process	NOUN
easat-9654	465	51	in	in	ADP
easat-9654	465	52	the	the	DET
easat-9654	465	53	technological	technological	ADJ
easat-9654	465	54	dimension	dimension	NOUN
easat-9654	465	55	.	.	PUNCT
easat-9654	466	1	this	this	DET
easat-9654	466	2	adaptive	adaptive	ADJ
easat-9654	466	3	governance	governance	NOUN
easat-9654	466	4	model	model	NOUN
easat-9654	466	5	not	not	PART
easat-9654	466	6	only	only	ADV
easat-9654	466	7	concerns	concern	VERB
easat-9654	466	8	the	the	DET
easat-9654	466	9	market	market	NOUN
easat-9654	466	10	survival	survival	NOUN
easat-9654	466	11	ability	ability	NOUN
easat-9654	466	12	of	of	ADP
easat-9654	466	13	individual	individual	ADJ
easat-9654	466	14	enterprises	enterprise	NOUN
easat-9654	466	15	but	but	CCONJ
easat-9654	466	16	also	also	ADV
easat-9654	466	17	provides	provide	VERB
easat-9654	466	18	a	a	DET
easat-9654	466	19	micro	micro	ADJ
easat-9654	466	20	foundation	foundation	NOUN
easat-9654	466	21	for	for	ADP
easat-9654	466	22	building	build	VERB
easat-9654	466	23	a	a	DET
easat-9654	466	24	digital	digital	ADJ
easat-9654	466	25	economy	economy	NOUN
easat-9654	466	26	community	community	NOUN
easat-9654	466	27	of	of	ADP
easat-9654	466	28	shared	share	VERB
easat-9654	466	29	future	future	NOUN
easat-9654	466	30	between	between	ADP
easat-9654	466	31	china	china	PROPN
easat-9654	466	32	and	and	CCONJ
easat-9654	466	33	indonesia	indonesia	PROPN
easat-9654	466	34	.	.	PROPN
easat-9654	467	1	1576	1576	NUM
easat-9654	467	2	edelweiss	edelweiss	PROPN
easat-9654	467	3	applied	apply	VERB
easat-9654	467	4	science	science	NOUN
easat-9654	467	5	and	and	CCONJ
easat-9654	467	6	technology	technology	NOUN
easat-9654	467	7	issn	issn	PROPN
easat-9654	467	8	:	:	PUNCT
easat-9654	467	9	2576	2576	NUM
easat-9654	467	10	-	-	SYM
easat-9654	467	11	8484	8484	NUM
easat-9654	467	12	vol	vol	NOUN
easat-9654	467	13	.	.	PROPN
easat-9654	468	1	9	9	NUM
easat-9654	468	2	,	,	PUNCT
easat-9654	468	3	no	no	INTJ
easat-9654	468	4	.	.	NOUN
easat-9654	468	5	8	8	NUM
easat-9654	468	6	:	:	SYM
easat-9654	468	7	1558	1558	NUM
easat-9654	468	8	-	-	SYM
easat-9654	468	9	1579	1579	NUM
easat-9654	468	10	,	,	PUNCT
easat-9654	468	11	2025	2025	NUM
easat-9654	468	12	doi	doi	NOUN
easat-9654	468	13	:	:	PUNCT
easat-9654	468	14	10.55214/2576	10.55214/2576	NUM
easat-9654	468	15	-	-	PUNCT
easat-9654	468	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
easat-9654	468	17	©	©	PROPN
easat-9654	468	18	2025	2025	NUM
easat-9654	468	19	by	by	ADP
easat-9654	468	20	the	the	DET
easat-9654	468	21	authors	author	NOUN
easat-9654	468	22	;	;	PUNCT
easat-9654	468	23	licensee	licensee	PROPN
easat-9654	468	24	learning	learn	VERB
easat-9654	468	25	gate	gate	NOUN
easat-9654	468	26	transparency	transparency	NOUN
easat-9654	468	27	:	:	PUNCT
easat-9654	468	28	the	the	DET
easat-9654	468	29	authors	author	NOUN
easat-9654	468	30	confirm	confirm	VERB
easat-9654	468	31	that	that	SCONJ
easat-9654	468	32	the	the	DET
easat-9654	468	33	manuscript	manuscript	NOUN
easat-9654	468	34	is	be	AUX
easat-9654	468	35	an	an	DET
easat-9654	468	36	honest	honest	ADJ
easat-9654	468	37	,	,	PUNCT
easat-9654	468	38	accurate	accurate	ADJ
easat-9654	468	39	,	,	PUNCT
easat-9654	468	40	and	and	CCONJ
easat-9654	468	41	transparent	transparent	ADJ
easat-9654	468	42	account	account	NOUN
easat-9654	468	43	of	of	ADP
easat-9654	468	44	the	the	DET
easat-9654	468	45	study	study	NOUN
easat-9654	468	46	;	;	PUNCT
easat-9654	468	47	that	that	SCONJ
easat-9654	468	48	no	no	DET
easat-9654	468	49	vital	vital	ADJ
easat-9654	468	50	features	feature	NOUN
easat-9654	468	51	of	of	ADP
easat-9654	468	52	the	the	DET
easat-9654	468	53	study	study	NOUN
easat-9654	468	54	have	have	AUX
easat-9654	468	55	been	be	AUX
easat-9654	468	56	omitted	omit	VERB
easat-9654	468	57	;	;	PUNCT
easat-9654	468	58	and	and	CCONJ
easat-9654	468	59	that	that	SCONJ
easat-9654	468	60	any	any	DET
easat-9654	468	61	discrepancies	discrepancy	NOUN
easat-9654	468	62	from	from	ADP
easat-9654	468	63	the	the	DET
easat-9654	468	64	study	study	NOUN
easat-9654	468	65	as	as	SCONJ
easat-9654	468	66	planned	plan	VERB
easat-9654	468	67	have	have	AUX
easat-9654	468	68	been	be	AUX
easat-9654	468	69	explained	explain	VERB
easat-9654	468	70	.	.	PUNCT
easat-9654	469	1	this	this	DET
easat-9654	469	2	study	study	NOUN
easat-9654	469	3	followed	follow	VERB
easat-9654	469	4	all	all	DET
easat-9654	469	5	ethical	ethical	ADJ
easat-9654	469	6	practices	practice	NOUN
easat-9654	469	7	during	during	ADP
easat-9654	469	8	writing	writing	NOUN
easat-9654	469	9	.	.	PUNCT
easat-9654	470	1	copyright	copyright	NOUN
easat-9654	470	2	:	:	PUNCT
easat-9654	470	3	©	©	PROPN
easat-9654	470	4	2025	2025	NUM
easat-9654	470	5	by	by	ADP
easat-9654	470	6	the	the	DET
easat-9654	470	7	authors	author	NOUN
easat-9654	470	8	.	.	PUNCT
easat-9654	471	1	this	this	DET
easat-9654	471	2	open	open	ADJ
easat-9654	471	3	-	-	PUNCT
easat-9654	471	4	access	access	NOUN
easat-9654	471	5	article	article	NOUN
easat-9654	471	6	is	be	AUX
easat-9654	471	7	distributed	distribute	VERB
easat-9654	471	8	under	under	ADP
easat-9654	471	9	the	the	DET
easat-9654	471	10	terms	term	NOUN
easat-9654	471	11	and	and	CCONJ
easat-9654	471	12	conditions	condition	NOUN
easat-9654	471	13	of	of	ADP
easat-9654	471	14	the	the	DET
easat-9654	471	15	creative	creative	ADJ
easat-9654	471	16	commons	common	NOUN
easat-9654	471	17	attribution	attribution	NOUN
easat-9654	471	18	(	(	PUNCT
easat-9654	471	19	cc	cc	NOUN
easat-9654	471	20	by	by	ADP
easat-9654	471	21	)	)	PUNCT
easat-9654	471	22	license	license	NOUN
easat-9654	471	23	(	(	PUNCT
easat-9654	471	24	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
easat-9654	471	25	)	)	PUNCT
easat-9654	471	26	.	.	PUNCT
easat-9654	472	1	references	reference	NOUN
easat-9654	472	2	[	[	X
easat-9654	472	3	1	1	NUM
easat-9654	472	4	]	]	PUNCT
easat-9654	472	5	wikipedia	wikipedia	PROPN
easat-9654	472	6	contributors	contributor	NOUN
easat-9654	472	7	,	,	PUNCT
easat-9654	472	8	"	"	PUNCT
easat-9654	472	9	list	list	NOUN
easat-9654	472	10	of	of	ADP
easat-9654	472	11	asean	asean	ADJ
easat-9654	472	12	countries	country	NOUN
easat-9654	472	13	by	by	ADP
easat-9654	472	14	gdp	gdp	NOUN
easat-9654	472	15	,	,	PUNCT
easat-9654	472	16	"	"	PUNCT
easat-9654	472	17	wikipedia	wikipedia	PROPN
easat-9654	472	18	,	,	PUNCT
easat-9654	472	19	2025	2025	NUM
easat-9654	472	20	.	.	PUNCT
easat-9654	473	1	https://en.wikipedia.org/wiki/list_of_asean_countries_by_gdp	https://en.wikipedia.org/wiki/list_of_asean_countries_by_gdp	PUNCT
easat-9654	474	1	[	[	X
easat-9654	474	2	2	2	X
easat-9654	474	3	]	]	PUNCT
easat-9654	474	4	t.	t.	NOUN
easat-9654	474	5	google	google	PROPN
easat-9654	474	6	,	,	PUNCT
easat-9654	474	7	&	&	CCONJ
easat-9654	474	8	bain	bain	PROPN
easat-9654	474	9	&	&	CCONJ
easat-9654	474	10	company	company	PROPN
easat-9654	474	11	,	,	PUNCT
easat-9654	474	12	,	,	PUNCT
easat-9654	474	13	"	"	PUNCT
easat-9654	474	14	google	google	PROPN
easat-9654	474	15	temasek	temasek	PROPN
easat-9654	474	16	,	,	PUNCT
easat-9654	474	17	&	&	CCONJ
easat-9654	474	18	bain	bain	PROPN
easat-9654	474	19	&	&	CCONJ
easat-9654	474	20	company	company	PROPN
easat-9654	474	21	,	,	PUNCT
easat-9654	474	22	"	"	PUNCT
easat-9654	474	23	e	e	NOUN
easat-9654	474	24	-	-	PROPN
easat-9654	474	25	conomy	conomy	ADJ
easat-9654	474	26	sea	sea	NOUN
easat-9654	474	27	,	,	PUNCT
easat-9654	474	28	2024	2024	NUM
easat-9654	474	29	.	.	PUNCT
easat-9654	475	1	[	[	X
easat-9654	475	2	3	3	NUM
easat-9654	475	3	]	]	X
easat-9654	475	4	xinhua	xinhua	PROPN
easat-9654	475	5	,	,	PUNCT
easat-9654	475	6	"	"	PUNCT
easat-9654	475	7	indonesia	indonesia	PROPN
easat-9654	475	8	's	's	PART
easat-9654	475	9	economy	economy	NOUN
easat-9654	475	10	grows	grow	VERB
easat-9654	475	11	4.87	4.87	NUM
easat-9654	475	12	pct	pct	NOUN
easat-9654	475	13	in	in	ADP
easat-9654	475	14	q1	q1	PROPN
easat-9654	475	15	,	,	PUNCT
easat-9654	475	16	"	"	PUNCT
easat-9654	475	17	xinhua	xinhua	PROPN
easat-9654	475	18	news	news	PROPN
easat-9654	475	19	,	,	PUNCT
easat-9654	475	20	2025	2025	NUM
easat-9654	475	21	.	.	PUNCT
easat-9654	476	1	https://english.news.cn/asiapacific/20250505/85e0c55266274e4fa1db428bc7983d94/c.html	https://english.news.cn/asiapacific/20250505/85e0c55266274e4fa1db428bc7983d94/c.html	PROPN
easat-9654	476	2	[	[	X
easat-9654	476	3	4	4	NUM
easat-9654	476	4	]	]	PUNCT
easat-9654	476	5	a.	a.	NOUN
easat-9654	476	6	rafiki	rafiki	PROPN
easat-9654	476	7	,	,	PUNCT
easat-9654	476	8	financial	financial	ADJ
easat-9654	476	9	technology	technology	NOUN
easat-9654	476	10	(	(	PUNCT
easat-9654	476	11	fintech	fintech	NOUN
easat-9654	476	12	)	)	PUNCT
easat-9654	476	13	in	in	ADP
easat-9654	476	14	indonesia	indonesia	PROPN
easat-9654	476	15	.	.	PUNCT
easat-9654	477	1	medan	medan	PROPN
easat-9654	477	2	,	,	PUNCT
easat-9654	477	3	indonesia	indonesia	PROPN
easat-9654	477	4	:	:	PUNCT
easat-9654	477	5	universitas	universitas	PROPN
easat-9654	477	6	medan	medan	PROPN
easat-9654	477	7	area	area	PROPN
easat-9654	477	8	,	,	PUNCT
easat-9654	477	9	2022	2022	NUM
easat-9654	477	10	.	.	PUNCT
easat-9654	478	1	[	[	X
easat-9654	478	2	5	5	X
easat-9654	478	3	]	]	PUNCT
easat-9654	478	4	j.	j.	PROPN
easat-9654	478	5	zhu	zhu	PROPN
easat-9654	478	6	,	,	PUNCT
easat-9654	478	7	k.	k.	PROPN
easat-9654	478	8	liao	liao	PROPN
easat-9654	478	9	,	,	PUNCT
easat-9654	478	10	and	and	CCONJ
easat-9654	478	11	s.	s.	PROPN
easat-9654	478	12	hong	hong	PROPN
easat-9654	478	13	,	,	PUNCT
easat-9654	478	14	a	a	DET
easat-9654	478	15	review	review	NOUN
easat-9654	478	16	of	of	ADP
easat-9654	478	17	overseas	overseas	ADJ
easat-9654	478	18	fintech	fintech	NOUN
easat-9654	478	19	regulation	regulation	NOUN
easat-9654	478	20	.	.	PUNCT
easat-9654	479	1	southeast	southeast	PROPN
easat-9654	479	2	asia	asia	PROPN
easat-9654	479	3	:	:	PUNCT
easat-9654	479	4	han	han	PROPN
easat-9654	479	5	kun	kun	PROPN
easat-9654	479	6	law	law	PROPN
easat-9654	479	7	review	review	PROPN
easat-9654	479	8	,	,	PUNCT
easat-9654	479	9	2022	2022	NUM
easat-9654	479	10	.	.	PUNCT
easat-9654	480	1	[	[	X
easat-9654	480	2	6	6	NUM
easat-9654	480	3	]	]	PUNCT
easat-9654	480	4	x.	x.	NOUN
easat-9654	480	5	qi	qi	PROPN
easat-9654	480	6	,	,	PUNCT
easat-9654	480	7	"	"	PUNCT
easat-9654	480	8	development	development	NOUN
easat-9654	480	9	and	and	CCONJ
easat-9654	480	10	opportunities	opportunity	NOUN
easat-9654	480	11	of	of	ADP
easat-9654	480	12	fintech	fintech	NOUN
easat-9654	480	13	ecosystem	ecosystem	NOUN
easat-9654	480	14	in	in	ADP
easat-9654	480	15	indonesia	indonesia	PROPN
easat-9654	480	16	,	,	PUNCT
easat-9654	480	17	"	"	PUNCT
easat-9654	480	18	journal	journal	NOUN
easat-9654	480	19	of	of	ADP
easat-9654	480	20	university	university	NOUN
easat-9654	480	21	of	of	ADP
easat-9654	480	22	electronic	electronic	ADJ
easat-9654	480	23	science	science	NOUN
easat-9654	480	24	and	and	CCONJ
easat-9654	480	25	technology	technology	NOUN
easat-9654	480	26	of	of	ADP
easat-9654	480	27	china	china	PROPN
easat-9654	480	28	,	,	PUNCT
easat-9654	480	29	vol	vol	NOUN
easat-9654	480	30	.	.	PROPN
easat-9654	480	31	20	20	NUM
easat-9654	480	32	,	,	PUNCT
easat-9654	480	33	no	no	INTJ
easat-9654	480	34	.	.	NOUN
easat-9654	480	35	1	1	NUM
easat-9654	480	36	,	,	PUNCT
easat-9654	480	37	pp	pp	ADJ
easat-9654	480	38	.	.	PUNCT
easat-9654	481	1	96	96	NUM
easat-9654	481	2	-	-	SYM
easat-9654	481	3	104	104	NUM
easat-9654	481	4	,	,	PUNCT
easat-9654	481	5	2018	2018	NUM
easat-9654	481	6	.	.	PUNCT
easat-9654	482	1	[	[	X
easat-9654	482	2	7	7	X
easat-9654	482	3	]	]	PUNCT
easat-9654	482	4	k.	k.	PROPN
easat-9654	482	5	w.	w.	PROPN
easat-9654	482	6	chow	chow	PROPN
easat-9654	482	7	,	,	PUNCT
easat-9654	482	8	d.	d.	PROPN
easat-9654	482	9	e.	e.	PROPN
easat-9654	482	10	tambunan	tambunan	PROPN
easat-9654	482	11	,	,	PUNCT
easat-9654	482	12	and	and	CCONJ
easat-9654	482	13	b.	b.	PROPN
easat-9654	482	14	r.	r.	PROPN
easat-9654	482	15	putra	putra	PROPN
easat-9654	482	16	,	,	PUNCT
easat-9654	482	17	indonesian	indonesian	ADJ
easat-9654	482	18	data	data	PROPN
easat-9654	482	19	protection	protection	PROPN
easat-9654	482	20	law	law	NOUN
easat-9654	482	21	overview	overview	NOUN
easat-9654	482	22	.	.	PUNCT
easat-9654	483	1	jakarta	jakarta	PROPN
easat-9654	483	2	,	,	PUNCT
easat-9654	483	3	indonesia	indonesia	PROPN
easat-9654	483	4	:	:	PUNCT
easat-9654	483	5	rouse	rouse	VERB
easat-9654	483	6	,	,	PUNCT
easat-9654	483	7	2022	2022	NUM
easat-9654	483	8	.	.	PUNCT
easat-9654	484	1	[	[	X
easat-9654	484	2	8	8	NUM
easat-9654	484	3	]	]	X
easat-9654	484	4	zhihuya	zhihuya	NOUN
easat-9654	484	5	insights	insight	NOUN
easat-9654	484	6	,	,	PUNCT
easat-9654	484	7	"	"	PUNCT
easat-9654	484	8	analysis	analysis	NOUN
easat-9654	484	9	report	report	NOUN
easat-9654	484	10	on	on	ADP
easat-9654	484	11	technological	technological	ADJ
easat-9654	484	12	innovation	innovation	NOUN
easat-9654	484	13	index	index	NOUN
easat-9654	484	14	in	in	ADP
easat-9654	484	15	the	the	DET
easat-9654	484	16	fintech	fintech	NOUN
easat-9654	484	17	sector	sector	NOUN
easat-9654	484	18	,	,	PUNCT
easat-9654	484	19	"	"	PUNCT
easat-9654	484	20	baidu	baidu	X
easat-9654	484	21	,	,	PUNCT
easat-9654	484	22	2022	2022	NUM
easat-9654	484	23	.	.	PUNCT
easat-9654	485	1	https://baijiahao.baidu.com/s?id=1752082916397654475&wfr=spider&for=pc	https://baijiahao.baidu.com/s?id=1752082916397654475&wfr=spider&for=pc	NOUN
easat-9654	486	1	[	[	X
easat-9654	486	2	9	9	X
easat-9654	486	3	]	]	X
easat-9654	486	4	j.	j.	PROPN
easat-9654	486	5	lan	lan	PROPN
easat-9654	486	6	,	,	PUNCT
easat-9654	486	7	x.	x.	PROPN
easat-9654	486	8	li	li	PROPN
easat-9654	486	9	,	,	PUNCT
easat-9654	486	10	and	and	CCONJ
easat-9654	486	11	w.	w.	PROPN
easat-9654	486	12	wang	wang	PROPN
easat-9654	486	13	,	,	PUNCT
easat-9654	486	14	"	"	PUNCT
easat-9654	486	15	indonesia	indonesia	PROPN
easat-9654	486	16	investment	investment	NOUN
easat-9654	486	17	series	series	NOUN
easat-9654	486	18	ix	ix	ADV
easat-9654	486	19	:	:	PUNCT
easat-9654	486	20	analysis	analysis	NOUN
easat-9654	486	21	of	of	ADP
easat-9654	486	22	major	major	ADJ
easat-9654	486	23	tax	tax	NOUN
easat-9654	486	24	incentive	incentive	NOUN
easat-9654	486	25	policies	policy	NOUN
easat-9654	486	26	for	for	ADP
easat-9654	486	27	investing	invest	VERB
easat-9654	486	28	and	and	CCONJ
easat-9654	486	29	setting	set	VERB
easat-9654	486	30	up	up	ADP
easat-9654	486	31	factories	factory	NOUN
easat-9654	486	32	in	in	ADP
easat-9654	486	33	indonesia	indonesia	PROPN
easat-9654	486	34	,	,	PUNCT
easat-9654	486	35	"	"	PUNCT
easat-9654	486	36	goalfore	goalfore	NOUN
easat-9654	486	37	consulting	consulting	NOUN
easat-9654	486	38	,	,	PUNCT
easat-9654	486	39	2023	2023	NUM
easat-9654	486	40	.	.	PUNCT
easat-9654	487	1	https://www.goalfore.cn/a/5577.html	https://www.goalfore.cn/a/5577.html	PROPN
easat-9654	488	1	[	[	X
easat-9654	488	2	10	10	NUM
easat-9654	488	3	]	]	X
easat-9654	488	4	mpr	mpr	PROPN
easat-9654	488	5	ri	ri	PROPN
easat-9654	488	6	research	research	PROPN
easat-9654	488	7	agency	agency	NOUN
easat-9654	488	8	,	,	PUNCT
easat-9654	488	9	"	"	PUNCT
easat-9654	488	10	academic	academic	ADJ
easat-9654	488	11	study	study	NOUN
easat-9654	488	12	of	of	ADP
easat-9654	488	13	the	the	DET
easat-9654	488	14	affirmation	affirmation	NOUN
easat-9654	488	15	of	of	ADP
easat-9654	488	16	pancasila	pancasila	PROPN
easat-9654	488	17	democracy	democracy	NOUN
easat-9654	488	18	,	,	PUNCT
easat-9654	488	19	"	"	PUNCT
easat-9654	488	20	secretariat	secretariat	NOUN
easat-9654	488	21	general	general	NOUN
easat-9654	488	22	of	of	ADP
easat-9654	488	23	the	the	DET
easat-9654	488	24	people	people	NOUN
easat-9654	488	25	's	's	PART
easat-9654	488	26	consultative	consultative	ADJ
easat-9654	488	27	assembly	assembly	NOUN
easat-9654	488	28	of	of	ADP
easat-9654	488	29	the	the	DET
easat-9654	488	30	republic	republic	NOUN
easat-9654	488	31	of	of	ADP
easat-9654	488	32	indonesia	indonesia	PROPN
easat-9654	488	33	,	,	PUNCT
easat-9654	488	34	2018	2018	NUM
easat-9654	488	35	.	.	PUNCT
easat-9654	489	1	[	[	X
easat-9654	489	2	11	11	NUM
easat-9654	489	3	]	]	X
easat-9654	489	4	huatai	huatai	NOUN
easat-9654	489	5	securities	security	NOUN
easat-9654	489	6	,	,	PUNCT
easat-9654	489	7	"	"	PUNCT
easat-9654	489	8	special	special	ADJ
easat-9654	489	9	research	research	NOUN
easat-9654	489	10	on	on	ADP
easat-9654	489	11	diversified	diversify	VERB
easat-9654	489	12	financial	financial	ADJ
easat-9654	489	13	industry	industry	NOUN
easat-9654	489	14	in	in	ADP
easat-9654	489	15	2025	2025	NUM
easat-9654	489	16	:	:	PUNCT
easat-9654	489	17	southeast	southeast	PROPN
easat-9654	489	18	asia	asia	PROPN
easat-9654	489	19	,	,	PUNCT
easat-9654	489	20	the	the	DET
easat-9654	489	21	next	next	ADJ
easat-9654	489	22	stop	stop	NOUN
easat-9654	489	23	for	for	ADP
easat-9654	489	24	fintech	fintech	NOUN
easat-9654	489	25	,	,	PUNCT
easat-9654	489	26	"	"	PUNCT
easat-9654	489	27	2025	2025	NUM
easat-9654	489	28	.	.	PUNCT
easat-9654	489	29	https://www.vzkoo.com/read/202506048604f4141cbab19dec6458c9.html	https://www.vzkoo.com/read/202506048604f4141cbab19dec6458c9.html	PUNCT
easat-9654	490	1	[	[	X
easat-9654	490	2	12	12	NUM
easat-9654	490	3	]	]	X
easat-9654	490	4	ministry	ministry	PROPN
easat-9654	490	5	of	of	ADP
easat-9654	490	6	commerce	commerce	PROPN
easat-9654	490	7	of	of	ADP
easat-9654	490	8	the	the	DET
easat-9654	490	9	people	people	NOUN
easat-9654	490	10	’s	’s	PART
easat-9654	490	11	republic	republic	PROPN
easat-9654	490	12	of	of	ADP
easat-9654	490	13	china	china	PROPN
easat-9654	490	14	,	,	PUNCT
easat-9654	490	15	"	"	PUNCT
easat-9654	490	16	academy	academy	NOUN
easat-9654	490	17	of	of	ADP
easat-9654	490	18	international	international	ADJ
easat-9654	490	19	trade	trade	NOUN
easat-9654	490	20	and	and	CCONJ
easat-9654	490	21	economic	economic	ADJ
easat-9654	490	22	cooperation	cooperation	NOUN
easat-9654	490	23	,	,	PUNCT
easat-9654	490	24	&	&	CCONJ
easat-9654	490	25	economic	economic	ADJ
easat-9654	490	26	and	and	CCONJ
easat-9654	490	27	commercial	commercial	ADJ
easat-9654	490	28	counselor	counselor	NOUN
easat-9654	490	29	’s	’s	PART
easat-9654	490	30	office	office	NOUN
easat-9654	490	31	of	of	ADP
easat-9654	490	32	the	the	DET
easat-9654	490	33	embassy	embassy	NOUN
easat-9654	490	34	of	of	ADP
easat-9654	490	35	china	china	PROPN
easat-9654	490	36	in	in	ADP
easat-9654	490	37	indonesia	indonesia	PROPN
easat-9654	490	38	guide	guide	PROPN
easat-9654	490	39	on	on	ADP
easat-9654	490	40	countries	country	NOUN
easat-9654	490	41	(	(	PUNCT
easat-9654	490	42	regions	region	NOUN
easat-9654	490	43	)	)	PUNCT
easat-9654	490	44	for	for	ADP
easat-9654	490	45	foreign	foreign	ADJ
easat-9654	490	46	investment	investment	NOUN
easat-9654	490	47	cooperation	cooperation	NOUN
easat-9654	490	48	:	:	PUNCT
easat-9654	490	49	indonesia	indonesia	PROPN
easat-9654	490	50	,	,	PUNCT
easat-9654	490	51	"	"	PUNCT
easat-9654	490	52	ministry	ministry	PROPN
easat-9654	490	53	of	of	ADP
easat-9654	490	54	commerce	commerce	PROPN
easat-9654	490	55	of	of	ADP
easat-9654	490	56	the	the	DET
easat-9654	490	57	people	people	NOUN
easat-9654	490	58	’s	’s	PART
easat-9654	490	59	republic	republic	PROPN
easat-9654	490	60	of	of	ADP
easat-9654	490	61	china	china	PROPN
easat-9654	490	62	,	,	PUNCT
easat-9654	490	63	2022	2022	NUM
easat-9654	490	64	.	.	PUNCT
easat-9654	491	1	[	[	X
easat-9654	491	2	13	13	NUM
easat-9654	491	3	]	]	SYM
easat-9654	491	4	silk	silk	NOUN
easat-9654	491	5	road	road	NOUN
easat-9654	491	6	impression	impression	NOUN
easat-9654	491	7	,	,	PUNCT
easat-9654	491	8	"	"	PUNCT
easat-9654	491	9	opportunities	opportunity	NOUN
easat-9654	491	10	,	,	PUNCT
easat-9654	491	11	risks	risk	NOUN
easat-9654	491	12	,	,	PUNCT
easat-9654	491	13	and	and	CCONJ
easat-9654	491	14	recommendations	recommendation	NOUN
easat-9654	491	15	for	for	ADP
easat-9654	491	16	investing	invest	VERB
easat-9654	491	17	in	in	ADP
easat-9654	491	18	indonesia	indonesia	PROPN
easat-9654	491	19	’s	’s	PART
easat-9654	491	20	internet	internet	NOUN
easat-9654	491	21	economy	economy	NOUN
easat-9654	491	22	,	,	PUNCT
easat-9654	491	23	"	"	PUNCT
easat-9654	491	24	2024	2024	NUM
easat-9654	491	25	.	.	PUNCT
easat-9654	492	1	https://www.zcqtz.com/news/2008528.html	https://www.zcqtz.com/news/2008528.html	PROPN
easat-9654	492	2	[	[	X
easat-9654	492	3	14	14	NUM
easat-9654	492	4	]	]	PUNCT
easat-9654	492	5	world	world	PROPN
easat-9654	492	6	bank	bank	PROPN
easat-9654	492	7	,	,	PUNCT
easat-9654	492	8	"	"	PUNCT
easat-9654	492	9	indonesia	indonesia	PROPN
easat-9654	492	10	:	:	PUNCT
easat-9654	492	11	promoting	promote	VERB
easat-9654	492	12	financial	financial	ADJ
easat-9654	492	13	access	access	NOUN
easat-9654	492	14	&	&	CCONJ
easat-9654	492	15	inclusion	inclusion	NOUN
easat-9654	492	16	—	—	PUNCT
easat-9654	492	17	fintech	fintech	NOUN
easat-9654	492	18	for	for	ADP
easat-9654	492	19	financial	financial	ADJ
easat-9654	492	20	inclusion	inclusion	NOUN
easat-9654	492	21	deep	deep	ADJ
easat-9654	492	22	dive	dive	NOUN
easat-9654	492	23	study	study	NOUN
easat-9654	492	24	"	"	PUNCT
easat-9654	492	25	,	,	PUNCT
easat-9654	492	26	(	(	PUNCT
easat-9654	492	27	report	report	VERB
easat-9654	492	28	no	no	INTJ
easat-9654	492	29	.	.	PROPN
easat-9654	492	30	aus0002153	aus0002153	VERB
easat-9654	492	31	,	,	PUNCT
easat-9654	492	32	p.	p.	NOUN
easat-9654	492	33	3	3	NUM
easat-9654	492	34	,	,	PUNCT
easat-9654	492	35	7–8	7–8	NOUN
easat-9654	492	36	)	)	PUNCT
easat-9654	492	37	,	,	PUNCT
easat-9654	492	38	2021	2021	NUM
easat-9654	492	39	.	.	PUNCT
easat-9654	493	1	[	[	X
easat-9654	493	2	15	15	NUM
easat-9654	493	3	]	]	X
easat-9654	493	4	indonesian	indonesian	ADJ
easat-9654	493	5	government	government	NOUN
easat-9654	493	6	,	,	PUNCT
easat-9654	493	7	"	"	PUNCT
easat-9654	493	8	law	law	NOUN
easat-9654	493	9	no	no	NOUN
easat-9654	493	10	.	.	NOUN
easat-9654	493	11	27	27	NUM
easat-9654	493	12	of	of	ADP
easat-9654	493	13	2022	2022	NUM
easat-9654	493	14	on	on	ADP
easat-9654	493	15	personal	personal	ADJ
easat-9654	493	16	data	datum	NOUN
easat-9654	493	17	protection	protection	NOUN
easat-9654	493	18	,	,	PUNCT
easat-9654	493	19	art	art	NOUN
easat-9654	493	20	.	.	PUNCT
easat-9654	494	1	12	12	NUM
easat-9654	494	2	,	,	PUNCT
easat-9654	494	3	67–68	67–68	NUM
easat-9654	494	4	,	,	PUNCT
easat-9654	494	5	"	"	PUNCT
easat-9654	494	6	indonesian	indonesian	ADJ
easat-9654	494	7	government	government	NOUN
easat-9654	494	8	,	,	PUNCT
easat-9654	494	9	2022	2022	NUM
easat-9654	494	10	.	.	PUNCT
easat-9654	495	1	[	[	X
easat-9654	495	2	16	16	NUM
easat-9654	495	3	]	]	X
easat-9654	495	4	undang‑undang	undang‑undang	PROPN
easat-9654	495	5	(	(	PUNCT
easat-9654	495	6	uu	uu	ADJ
easat-9654	495	7	)	)	PUNCT
easat-9654	495	8	nomor	nomor	NOUN
easat-9654	495	9	 	 	SPACE
easat-9654	495	10	"	"	PUNCT
easat-9654	495	11	law	law	NOUN
easat-9654	495	12	no	no	NOUN
easat-9654	495	13	.	.	NOUN
easat-9654	495	14	4	4	NUM
easat-9654	495	15	of	of	ADP
easat-9654	495	16	2023	2023	NUM
easat-9654	495	17	on	on	ADP
easat-9654	495	18	financial	financial	ADJ
easat-9654	495	19	sector	sector	NOUN
easat-9654	495	20	development	development	NOUN
easat-9654	495	21	and	and	CCONJ
easat-9654	495	22	strengthening	strengthening	NOUN
easat-9654	495	23	,	,	PUNCT
easat-9654	495	24	"	"	PUNCT
easat-9654	495	25	lembaran	lembaran	ADJ
easat-9654	495	26	negara	negara	PROPN
easat-9654	495	27	republik	republik	PROPN
easat-9654	495	28	,	,	PUNCT
easat-9654	495	29	vol	vol	NOUN
easat-9654	495	30	.	.	PROPN
easat-9654	495	31	8	8	NUM
easat-9654	495	32	,	,	PUNCT
easat-9654	495	33	no	no	INTJ
easat-9654	495	34	.	.	NOUN
easat-9654	495	35	4	4	NUM
easat-9654	495	36	,	,	PUNCT
easat-9654	495	37	p.	p.	NOUN
easat-9654	495	38	312	312	NUM
easat-9654	495	39	,	,	PUNCT
easat-9654	495	40	2023	2023	NUM
easat-9654	495	41	.	.	PUNCT
easat-9654	496	1	[	[	X
easat-9654	496	2	17	17	NUM
easat-9654	496	3	]	]	X
easat-9654	496	4	ashurst	ashurst	ADV
easat-9654	496	5	,	,	PUNCT
easat-9654	496	6	"	"	PUNCT
easat-9654	496	7	highlights	highlight	NOUN
easat-9654	496	8	on	on	ADP
easat-9654	496	9	latest	late	ADJ
easat-9654	496	10	development	development	NOUN
easat-9654	496	11	in	in	ADP
easat-9654	496	12	fintech	fintech	NOUN
easat-9654	496	13	lending	lending	NOUN
easat-9654	496	14	regulation	regulation	NOUN
easat-9654	496	15	in	in	ADP
easat-9654	496	16	indonesia	indonesia	PROPN
easat-9654	496	17	,	,	PUNCT
easat-9654	496	18	"	"	PUNCT
easat-9654	496	19	ashurst	ashurst	PROPN
easat-9654	496	20	,	,	PUNCT
easat-9654	496	21	2022	2022	NUM
easat-9654	496	22	.	.	PUNCT
easat-9654	497	1	https://www.ashurst.com/en/insights/highlights-on-latest-development-in-fintech-lending-regulation-in-indonesia/	https://www.ashurst.com/en/insights/highlights-on-latest-development-in-fintech-lending-regulation-in-indonesia/	X
easat-9654	498	1	[	[	X
easat-9654	498	2	18	18	NUM
easat-9654	498	3	]	]	PUNCT
easat-9654	498	4	ssek	ssek	ADJ
easat-9654	498	5	legal	legal	ADJ
easat-9654	498	6	consultants	consultant	NOUN
easat-9654	498	7	,	,	PUNCT
easat-9654	498	8	"	"	PUNCT
easat-9654	498	9	indonesia	indonesia	PROPN
easat-9654	498	10	’s	’s	PART
easat-9654	498	11	new	new	ADJ
easat-9654	498	12	regulations	regulation	NOUN
easat-9654	498	13	on	on	ADP
easat-9654	498	14	payment	payment	NOUN
easat-9654	498	15	systems	system	NOUN
easat-9654	498	16	–	–	PUNCT
easat-9654	498	17	key	key	ADJ
easat-9654	498	18	provisions	provision	NOUN
easat-9654	498	19	,	,	PUNCT
easat-9654	498	20	"	"	PUNCT
easat-9654	498	21	ssek	ssek	ADJ
easat-9654	498	22	legal	legal	ADJ
easat-9654	498	23	consultants	consultant	NOUN
easat-9654	498	24	,	,	PUNCT
easat-9654	498	25	2022	2022	NUM
easat-9654	498	26	.	.	PUNCT
easat-9654	499	1	[	[	X
easat-9654	499	2	19	19	NUM
easat-9654	499	3	]	]	PUNCT
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easat-9654	499	5	to	to	ADP
easat-9654	499	6	ojk	ojk	NOUN
easat-9654	499	7	,	,	PUNCT
easat-9654	499	8	"	"	PUNCT
easat-9654	499	9	regulation	regulation	NOUN
easat-9654	499	10	no	no	NOUN
easat-9654	499	11	.	.	NOUN
easat-9654	500	1	77	77	NUM
easat-9654	500	2	/	/	SYM
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easat-9654	500	4	,	,	PUNCT
easat-9654	500	5	the	the	DET
easat-9654	500	6	maximum	maximum	ADJ
easat-9654	500	7	foreign	foreign	ADJ
easat-9654	500	8	ownership	ownership	NOUN
easat-9654	500	9	in	in	ADP
easat-9654	500	10	a	a	DET
easat-9654	500	11	peer	peer	NOUN
easat-9654	500	12	-	-	PUNCT
easat-9654	500	13	to	to	ADP
easat-9654	500	14	-	-	PUNCT
easat-9654	500	15	peer	peer	NOUN
easat-9654	500	16	lending	lending	NOUN
easat-9654	500	17	company	company	NOUN
easat-9654	500	18	is	be	AUX
easat-9654	500	19	85	85	NUM
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easat-9654	500	21	"	"	PUNCT
easat-9654	500	22	,	,	PUNCT
easat-9654	500	23	siddharta	siddharta	PROPN
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easat-9654	500	25	&	&	CCONJ
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easat-9654	500	30	2022	2022	NUM
easat-9654	500	31	.	.	PUNCT
easat-9654	501	1	[	[	X
easat-9654	501	2	20	20	NUM
easat-9654	501	3	]	]	X
easat-9654	501	4	heaptalk	heaptalk	NOUN
easat-9654	501	5	,	,	PUNCT
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easat-9654	501	20	,	,	PUNCT
easat-9654	501	21	"	"	PUNCT
easat-9654	501	22	heaptalk	heaptalk	ADJ
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easat-9654	501	24	2022	2022	NUM
easat-9654	501	25	.	.	PUNCT
easat-9654	502	1	https://heaptalk.com/feature-news/digital-economy-in-indonesia-to-attain-a-us90-billion-in-gmv-by-2024/	https://heaptalk.com/feature-news/digital-economy-in-indonesia-to-attain-a-us90-billion-in-gmv-by-2024/	PROPN
easat-9654	503	1	[	[	X
easat-9654	503	2	21	21	NUM
easat-9654	503	3	]	]	PUNCT
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easat-9654	503	8	in	in	ADP
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easat-9654	503	13	laws	law	NOUN
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easat-9654	503	21	form	form	NOUN
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easat-9654	503	28	relevant	relevant	ADJ
easat-9654	503	29	laws	law	NOUN
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easat-9654	504	1	[	[	X
easat-9654	504	2	22	22	NUM
easat-9654	504	3	]	]	PUNCT
easat-9654	504	4	z.	z.	PROPN
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easat-9654	504	14	in	in	ADP
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easat-9654	504	41	,	,	PUNCT
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easat-9654	505	1	[	[	X
easat-9654	505	2	23	23	NUM
easat-9654	505	3	]	]	X
easat-9654	505	4	iresearch	iresearch	NOUN
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easat-9654	505	8	china	china	PROPN
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easat-9654	506	1	shanghai	shanghai	PROPN
easat-9654	506	2	,	,	PUNCT
easat-9654	506	3	china	china	PROPN
easat-9654	506	4	:	:	PUNCT
easat-9654	506	5	iresearch	iresearch	NOUN
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easat-9654	506	8	,	,	PUNCT
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easat-9654	506	10	.	.	PUNCT
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easat-9654	507	2	24	24	NUM
easat-9654	507	3	]	]	PUNCT
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easat-9654	507	11	a	a	DET
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easat-9654	509	1	https://english.news.cn/asiapacific/20250505/85e0c55266274e4fa1db428bc7983d94/c.html	https://english.news.cn/asiapacific/20250505/85e0c55266274e4fa1db428bc7983d94/c.html	PROPN
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easat-9654	510	6	https://heaptalk.com/feature-news/digital-economy-in-indonesia-to-attain-a-us90-billion-in-gmv-by-2024/	https://heaptalk.com/feature-news/digital-economy-in-indonesia-to-attain-a-us90-billion-in-gmv-by-2024/	NOUN
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easat-9654	512	6	,	,	PUNCT
easat-9654	512	7	"	"	PUNCT
easat-9654	512	8	regulation	regulation	NOUN
easat-9654	512	9	halts	halt	VERB
easat-9654	512	10	ico	ico	PROPN
easat-9654	512	11	?	?	PUNCT
easat-9654	513	1	digital	digital	ADJ
easat-9654	513	2	tokens	token	NOUN
easat-9654	513	3	face	face	VERB
easat-9654	513	4	a	a	DET
easat-9654	513	5	"	"	PUNCT
easat-9654	513	6	cliff	cliff	NOUN
easat-9654	513	7	-	-	PUNCT
easat-9654	513	8	like	like	ADJ
easat-9654	513	9	"	"	PUNCT
easat-9654	513	10	decline	decline	NOUN
easat-9654	513	11	,	,	PUNCT
easat-9654	513	12	"	"	PUNCT
easat-9654	513	13	business	business	NOUN
easat-9654	513	14	school	school	NOUN
easat-9654	513	15	,	,	PUNCT
easat-9654	513	16	vol	vol	NOUN
easat-9654	513	17	.	.	PROPN
easat-9654	513	18	10	10	NUM
easat-9654	513	19	,	,	PUNCT
easat-9654	513	20	p.	p.	NOUN
easat-9654	513	21	2	2	NUM
easat-9654	513	22	,	,	PUNCT
easat-9654	513	23	2017	2017	NUM
easat-9654	513	24	.	.	PUNCT
easat-9654	514	1	[	[	X
easat-9654	514	2	26	26	NUM
easat-9654	514	3	]	]	X
easat-9654	514	4	c.	c.	PROPN
easat-9654	514	5	li	li	PROPN
easat-9654	514	6	,	,	PUNCT
easat-9654	514	7	"	"	PUNCT
easat-9654	514	8	regulatory	regulatory	ADJ
easat-9654	514	9	pressure	pressure	NOUN
easat-9654	514	10	leads	lead	VERB
easat-9654	514	11	to	to	ADP
easat-9654	514	12	a	a	DET
easat-9654	514	13	major	major	ADJ
easat-9654	514	14	retreat	retreat	NOUN
easat-9654	514	15	in	in	ADP
easat-9654	514	16	the	the	DET
easat-9654	514	17	"	"	PUNCT
easat-9654	514	18	crypto	crypto	NOUN
easat-9654	514	19	circle	circle	NOUN
easat-9654	514	20	,	,	PUNCT
easat-9654	514	21	"	"	PUNCT
easat-9654	514	22	east	east	PROPN
easat-9654	514	23	china	china	PROPN
easat-9654	514	24	science	science	PROPN
easat-9654	514	25	&	&	CCONJ
easat-9654	514	26	technology	technology	PROPN
easat-9654	514	27	,	,	PUNCT
easat-9654	514	28	2022	2022	NUM
easat-9654	514	29	.	.	PUNCT
easat-9654	515	1	[	[	X
easat-9654	515	2	27	27	NUM
easat-9654	515	3	]	]	X
easat-9654	515	4	china	china	PROPN
easat-9654	515	5	chamber	chamber	PROPN
easat-9654	515	6	of	of	ADP
easat-9654	515	7	commerce	commerce	PROPN
easat-9654	515	8	of	of	ADP
easat-9654	515	9	import	import	PROPN
easat-9654	515	10	&	&	CCONJ
easat-9654	515	11	export	export	NOUN
easat-9654	515	12	of	of	ADP
easat-9654	515	13	foodstuffs	foodstuff	NOUN
easat-9654	515	14	,	,	PUNCT
easat-9654	515	15	"	"	PUNCT
easat-9654	515	16	native	native	ADJ
easat-9654	515	17	produce	produce	NOUN
easat-9654	515	18	and	and	CCONJ
easat-9654	515	19	animal	animal	NOUN
easat-9654	515	20	by	by	ADP
easat-9654	515	21	-	-	PUNCT
easat-9654	515	22	products	product	NOUN
easat-9654	515	23	.	.	PUNCT
easat-9654	516	1	(	(	PUNCT
easat-9654	516	2	2022	2022	NUM
easat-9654	516	3	,	,	PUNCT
easat-9654	516	4	may	may	AUX
easat-9654	516	5	12	12	NUM
easat-9654	516	6	)	)	PUNCT
easat-9654	516	7	,	,	PUNCT
easat-9654	516	8	"	"	PUNCT
easat-9654	516	9	members	member	NOUN
easat-9654	516	10	’	'	PUNCT
easat-9654	516	11	newsletter	newsletter	NOUN
easat-9654	516	12	,	,	PUNCT
easat-9654	516	13	2022	2022	NUM
easat-9654	516	14	.	.	PUNCT
easat-9654	517	1	[	[	X
easat-9654	517	2	28	28	NUM
easat-9654	517	3	]	]	PUNCT
easat-9654	517	4	the	the	DET
easat-9654	517	5	general	general	ADJ
easat-9654	517	6	office	office	NOUN
easat-9654	517	7	of	of	ADP
easat-9654	517	8	the	the	DET
easat-9654	517	9	state	state	NOUN
easat-9654	517	10	council	council	NOUN
easat-9654	517	11	,	,	PUNCT
easat-9654	517	12	"	"	PUNCT
easat-9654	517	13	notice	notice	NOUN
easat-9654	517	14	on	on	ADP
easat-9654	517	15	issuing	issue	VERB
easat-9654	517	16	the	the	DET
easat-9654	517	17	implementation	implementation	NOUN
easat-9654	517	18	plan	plan	NOUN
easat-9654	517	19	for	for	ADP
easat-9654	517	20	the	the	DET
easat-9654	517	21	special	special	ADJ
easat-9654	517	22	rectification	rectification	NOUN
easat-9654	517	23	of	of	ADP
easat-9654	517	24	risks	risk	NOUN
easat-9654	517	25	in	in	ADP
easat-9654	517	26	p2p	p2p	NOUN
easat-9654	517	27	online	online	ADJ
easat-9654	517	28	lending	lending	NOUN
easat-9654	517	29	,	,	PUNCT
easat-9654	517	30	"	"	PUNCT
easat-9654	517	31	the	the	DET
easat-9654	517	32	central	central	ADJ
easat-9654	517	33	people	people	NOUN
easat-9654	517	34	’s	’s	PART
easat-9654	517	35	government	government	NOUN
easat-9654	517	36	of	of	ADP
easat-9654	517	37	the	the	DET
easat-9654	517	38	people	people	NOUN
easat-9654	517	39	’s	’s	PART
easat-9654	517	40	republic	republic	PROPN
easat-9654	517	41	of	of	ADP
easat-9654	517	42	china	china	PROPN
easat-9654	517	43	,	,	PUNCT
easat-9654	517	44	2016	2016	NUM
easat-9654	517	45	.	.	PUNCT
easat-9654	517	46	https://www.gov.cn/xinwen/2016-10/13/content_5118615.htm	https://www.gov.cn/xinwen/2016-10/13/content_5118615.htm	X
easat-9654	518	1	[	[	X
easat-9654	518	2	29	29	NUM
easat-9654	518	3	]	]	PUNCT
easat-9654	518	4	z.	z.	PROPN
easat-9654	518	5	yin	yin	PROPN
easat-9654	518	6	,	,	PUNCT
easat-9654	518	7	"	"	PUNCT
easat-9654	518	8	interpretation	interpretation	NOUN
easat-9654	518	9	of	of	ADP
easat-9654	518	10	document	document	NOUN
easat-9654	518	11	no	no	INTJ
easat-9654	518	12	.	.	PROPN
easat-9654	519	1	175	175	NUM
easat-9654	519	2	:	:	PUNCT
easat-9654	519	3	opinions	opinion	NOUN
easat-9654	519	4	on	on	ADP
easat-9654	519	5	properly	properly	ADV
easat-9654	519	6	handling	handle	VERB
easat-9654	519	7	the	the	DET
easat-9654	519	8	categorized	categorize	VERB
easat-9654	519	9	disposal	disposal	NOUN
easat-9654	519	10	and	and	CCONJ
easat-9654	519	11	risk	risk	NOUN
easat-9654	519	12	prevention	prevention	NOUN
easat-9654	519	13	of	of	ADP
easat-9654	519	14	online	online	ADJ
easat-9654	519	15	lending	lending	NOUN
easat-9654	519	16	institutions	institution	NOUN
easat-9654	519	17	,	,	PUNCT
easat-9654	519	18	"	"	PUNCT
easat-9654	519	19	financial	financial	ADJ
easat-9654	519	20	regulation	regulation	NOUN
easat-9654	519	21	and	and	CCONJ
easat-9654	519	22	risk	risk	NOUN
easat-9654	519	23	observation	observation	NOUN
easat-9654	519	24	,	,	PUNCT
easat-9654	519	25	2019	2019	NUM
easat-9654	519	26	.	.	PUNCT
easat-9654	520	1	https://mp.weixin.qq.com/s?__biz=mza4mjq0nde2oa==&mid=2652776746&idx=1&sn=04727594c90bd4c1d348c	https://mp.weixin.qq.com/s?__biz=mza4mjq0nde2oa==&mid=2652776746&idx=1&sn=04727594c90bd4c1d348c	NOUN
easat-9654	520	2	d42c67bb2d7&chksm=846f23cdb318aadb24cf811c5bc78d3f05866f5002e5269d66883db1d8a8763460bb4fff19f2&sce	d42c67bb2d7&chksm=846f23cdb318aadb24cf811c5bc78d3f05866f5002e5269d66883db1d8a8763460bb4fff19f2&sce	ADP
easat-9654	520	3	ne=27	ne=27	NOUN
easat-9654	520	4	[	[	X
easat-9654	520	5	30	30	NUM
easat-9654	520	6	]	]	PUNCT
easat-9654	520	7	p2p	p2p	NOUN
easat-9654	520	8	online	online	ADJ
easat-9654	520	9	lending	lending	NOUN
easat-9654	520	10	development	development	NOUN
easat-9654	520	11	:	:	PUNCT
easat-9654	520	12	opportunities	opportunity	NOUN
easat-9654	520	13	and	and	CCONJ
easat-9654	520	14	challenges	challenge	NOUN
easat-9654	520	15	coexisting	coexist	VERB
easat-9654	520	16	,	,	PUNCT
easat-9654	520	17	"	"	PUNCT
easat-9654	520	18	p2p	p2p	NOUN
easat-9654	520	19	online	online	ADJ
easat-9654	520	20	lending	lending	NOUN
easat-9654	520	21	development	development	NOUN
easat-9654	520	22	:	:	PUNCT
easat-9654	520	23	opportunities	opportunity	NOUN
easat-9654	520	24	and	and	CCONJ
easat-9654	520	25	challenges	challenge	NOUN
easat-9654	520	26	coexisting	coexist	VERB
easat-9654	520	27	,	,	PUNCT
easat-9654	520	28	"	"	PUNCT
easat-9654	520	29	renren	renren	PROPN
easat-9654	520	30	licai	licai	PROPN
easat-9654	520	31	,	,	PUNCT
easat-9654	520	32	2024	2024	NUM
easat-9654	520	33	.	.	PUNCT
easat-9654	521	1	https://www.rrlicai.com/daikuan/71193.html	https://www.rrlicai.com/daikuan/71193.html	PROPN
easat-9654	521	2	[	[	X
easat-9654	521	3	31	31	NUM
easat-9654	521	4	]	]	X
easat-9654	521	5	walalangi	walalangi	PROPN
easat-9654	521	6	&	&	CCONJ
easat-9654	521	7	partners	partner	NOUN
easat-9654	521	8	,	,	PUNCT
easat-9654	521	9	"	"	PUNCT
easat-9654	521	10	w&p	w&p	PROPN
easat-9654	521	11	newsletter	newsletter	NOUN
easat-9654	521	12	–	–	PUNCT
easat-9654	521	13	ojk	ojk	NOUN
easat-9654	521	14	’s	’s	PART
easat-9654	521	15	latest	late	ADJ
easat-9654	521	16	peer	peer	NOUN
easat-9654	521	17	to	to	ADP
easat-9654	521	18	peer	peer	NOUN
easat-9654	521	19	lending	lending	NOUN
easat-9654	521	20	(	(	PUNCT
easat-9654	521	21	p2p	p2p	NOUN
easat-9654	521	22	)	)	PUNCT
easat-9654	521	23	rules	rule	NOUN
easat-9654	521	24	–	–	PUNCT
easat-9654	521	25	major	major	ADJ
easat-9654	521	26	shifts	shift	NOUN
easat-9654	521	27	and	and	CCONJ
easat-9654	521	28	what	what	PRON
easat-9654	521	29	to	to	PART
easat-9654	521	30	expect	expect	VERB
easat-9654	521	31	,	,	PUNCT
easat-9654	521	32	"	"	PUNCT
easat-9654	521	33	walalangi	walalangi	PROPN
easat-9654	521	34	&	&	CCONJ
easat-9654	521	35	partners	partner	NOUN
easat-9654	521	36	,	,	PUNCT
easat-9654	521	37	2025	2025	NUM
easat-9654	521	38	.	.	PUNCT
easat-9654	522	1	https://www.wplaws.com/wp-newsletter-ojks-latest-peer-to-peer-lending-p2prules-major-shifts-and-what-to-expect/	https://www.wplaws.com/wp-newsletter-ojks-latest-peer-to-peer-lending-p2prules-major-shifts-and-what-to-expect/	NOUN
easat-9654	523	1	[	[	X
easat-9654	523	2	32	32	NUM
easat-9654	523	3	]	]	PUNCT
easat-9654	523	4	s.	s.	PROPN
easat-9654	523	5	nabil	nabil	PROPN
easat-9654	523	6	,	,	PUNCT
easat-9654	523	7	"	"	PUNCT
easat-9654	523	8	p2p	p2p	NOUN
easat-9654	523	9	lending	lending	NOUN
easat-9654	523	10	in	in	ADP
easat-9654	523	11	indonesia	indonesia	PROPN
easat-9654	523	12	:	:	PUNCT
easat-9654	523	13	discover	discover	VERB
easat-9654	523	14	the	the	DET
easat-9654	523	15	booming	booming	ADJ
easat-9654	523	16	market	market	NOUN
easat-9654	523	17	for	for	ADP
easat-9654	523	18	borrowers	borrower	NOUN
easat-9654	523	19	and	and	CCONJ
easat-9654	523	20	investors	investor	NOUN
easat-9654	523	21	,	,	PUNCT
easat-9654	523	22	"	"	PUNCT
easat-9654	523	23	xpandeast	xpandeast	ADJ
easat-9654	523	24	,	,	PUNCT
easat-9654	523	25	2024	2024	NUM
easat-9654	523	26	.	.	PUNCT
easat-9654	524	1	https://xpandeast.com/blog/p2p-lending-indonesia/	https://xpandeast.com/blog/p2p-lending-indonesia/	NOUN
easat-9654	525	1	[	[	X
easat-9654	525	2	33	33	NUM
easat-9654	525	3	]	]	PUNCT
easat-9654	525	4	the	the	DET
easat-9654	525	5	central	central	ADJ
easat-9654	525	6	people	people	NOUN
easat-9654	525	7	’s	’s	PART
easat-9654	525	8	government	government	NOUN
easat-9654	525	9	of	of	ADP
easat-9654	525	10	the	the	DET
easat-9654	525	11	people	people	NOUN
easat-9654	525	12	’s	’s	PART
easat-9654	525	13	republic	republic	PROPN
easat-9654	525	14	of	of	ADP
easat-9654	525	15	china	china	PROPN
easat-9654	525	16	,	,	PUNCT
easat-9654	525	17	"	"	PUNCT
easat-9654	525	18	china	china	PROPN
easat-9654	525	19	’s	’s	PART
easat-9654	525	20	mobile	mobile	ADJ
easat-9654	525	21	payment	payment	NOUN
easat-9654	525	22	penetration	penetration	NOUN
easat-9654	525	23	rate	rate	NOUN
easat-9654	525	24	has	have	AUX
easat-9654	525	25	reached	reach	VERB
easat-9654	525	26	86	86	NUM
easat-9654	525	27	%	%	NOUN
easat-9654	525	28	,	,	PUNCT
easat-9654	525	29	ranking	rank	VERB
easat-9654	525	30	first	first	ADV
easat-9654	525	31	in	in	ADP
easat-9654	525	32	the	the	DET
easat-9654	525	33	world	world	NOUN
easat-9654	525	34	,	,	PUNCT
easat-9654	525	35	"	"	PUNCT
easat-9654	525	36	the	the	DET
easat-9654	525	37	central	central	ADJ
easat-9654	525	38	people	people	NOUN
easat-9654	525	39	’s	’s	PART
easat-9654	525	40	government	government	NOUN
easat-9654	525	41	of	of	ADP
easat-9654	525	42	the	the	DET
easat-9654	525	43	people	people	NOUN
easat-9654	525	44	’s	’s	PART
easat-9654	525	45	republic	republic	PROPN
easat-9654	525	46	of	of	ADP
easat-9654	525	47	china	china	PROPN
easat-9654	525	48	,	,	PUNCT
easat-9654	525	49	2023	2023	NUM
easat-9654	525	50	.	.	PUNCT
easat-9654	526	1	https://www.gov.cn/yaowen/shipin/202312/content_6923017.htm	https://www.gov.cn/yaowen/shipin/202312/content_6923017.htm	PROPN
easat-9654	527	1	[	[	X
easat-9654	527	2	34	34	NUM
easat-9654	527	3	]	]	PUNCT
easat-9654	527	4	s.	s.	PROPN
easat-9654	527	5	zhu	zhu	PROPN
easat-9654	527	6	,	,	PUNCT
easat-9654	527	7	"	"	PUNCT
easat-9654	527	8	legal	legal	ADJ
easat-9654	527	9	issues	issue	NOUN
easat-9654	527	10	in	in	ADP
easat-9654	527	11	unified	unified	ADJ
easat-9654	527	12	clearing	clearing	NOUN
easat-9654	527	13	of	of	ADP
easat-9654	527	14	non	non	ADJ
easat-9654	527	15	-	-	ADJ
easat-9654	527	16	bank	bank	ADJ
easat-9654	527	17	payments	payment	NOUN
easat-9654	527	18	:	:	PUNCT
easat-9654	527	19	focusing	focus	VERB
easat-9654	527	20	on	on	ADP
easat-9654	527	21	the	the	DET
easat-9654	527	22	wanglian	wanglian	ADJ
easat-9654	527	23	clearing	clearing	NOUN
easat-9654	527	24	platform	platform	NOUN
easat-9654	527	25	,	,	PUNCT
easat-9654	527	26	"	"	PUNCT
easat-9654	527	27	doctoral	doctoral	ADJ
easat-9654	527	28	dissertation	dissertation	NOUN
easat-9654	527	29	,	,	PUNCT
easat-9654	527	30	east	east	PROPN
easat-9654	527	31	china	china	PROPN
easat-9654	527	32	university	university	PROPN
easat-9654	527	33	of	of	ADP
easat-9654	527	34	political	political	ADJ
easat-9654	527	35	science	science	NOUN
easat-9654	527	36	and	and	CCONJ
easat-9654	527	37	law	law	NOUN
easat-9654	527	38	,	,	PUNCT
easat-9654	527	39	2019	2019	NUM
easat-9654	527	40	.	.	PUNCT
easat-9654	528	1	[	[	X
easat-9654	528	2	35	35	NUM
easat-9654	528	3	]	]	X
easat-9654	528	4	l.	l.	PROPN
easat-9654	528	5	xu	xu	PROPN
easat-9654	528	6	,	,	PUNCT
easat-9654	528	7	"	"	PUNCT
easat-9654	528	8	prospects	prospect	NOUN
easat-9654	528	9	for	for	ADP
easat-9654	528	10	china	china	PROPN
easat-9654	528	11	-	-	PUNCT
easat-9654	528	12	indonesia	indonesia	PROPN
easat-9654	528	13	economic	economic	ADJ
easat-9654	528	14	cooperation	cooperation	NOUN
easat-9654	528	15	under	under	ADP
easat-9654	528	16	the	the	DET
easat-9654	528	17	new	new	ADJ
easat-9654	528	18	government	government	NOUN
easat-9654	528	19	,	,	PUNCT
easat-9654	528	20	"	"	PUNCT
easat-9654	528	21	world	world	NOUN
easat-9654	528	22	affairs	affair	NOUN
easat-9654	528	23	,	,	PUNCT
easat-9654	528	24	vol	vol	NOUN
easat-9654	528	25	.	.	PROPN
easat-9654	529	1	22	22	NUM
easat-9654	529	2	,	,	PUNCT
easat-9654	529	3	pp	pp	ADJ
easat-9654	529	4	.	.	PUNCT
easat-9654	530	1	56–58	56–58	NUM
easat-9654	530	2	,	,	PUNCT
easat-9654	530	3	2024	2024	NUM
easat-9654	530	4	.	.	PUNCT
easat-9654	531	1	[	[	X
easat-9654	531	2	36	36	NUM
easat-9654	531	3	]	]	PUNCT
easat-9654	531	4	l.	l.	PROPN
easat-9654	531	5	zhang	zhang	PROPN
easat-9654	531	6	,	,	PUNCT
easat-9654	531	7	y.	y.	PROPN
easat-9654	531	8	yang	yang	PROPN
easat-9654	531	9	,	,	PUNCT
easat-9654	531	10	j.	j.	PROPN
easat-9654	531	11	jiang	jiang	PROPN
easat-9654	531	12	,	,	PUNCT
easat-9654	531	13	and	and	CCONJ
easat-9654	531	14	g.	g.	PROPN
easat-9654	531	15	ni	ni	PROPN
easat-9654	531	16	,	,	PUNCT
easat-9654	531	17	"	"	PUNCT
easat-9654	531	18	research	research	NOUN
easat-9654	531	19	on	on	ADP
easat-9654	531	20	deep	deep	ADJ
easat-9654	531	21	cooperation	cooperation	NOUN
easat-9654	531	22	and	and	CCONJ
easat-9654	531	23	collaborative	collaborative	ADJ
easat-9654	531	24	development	development	NOUN
easat-9654	531	25	between	between	ADP
easat-9654	531	26	china	china	PROPN
easat-9654	531	27	and	and	CCONJ
easat-9654	531	28	indonesia	indonesia	PROPN
easat-9654	531	29	cross	cross	PROPN
easat-9654	531	30	-	-	ADJ
easat-9654	531	31	border	border	ADJ
easat-9654	531	32	e	e	NOUN
easat-9654	531	33	-	-	NOUN
easat-9654	531	34	commerce	commerce	NOUN
easat-9654	531	35	based	base	VERB
easat-9654	531	36	on	on	ADP
easat-9654	531	37	silk	silk	NOUN
easat-9654	531	38	road	road	NOUN
easat-9654	531	39	e	e	NOUN
easat-9654	531	40	-	-	NOUN
easat-9654	531	41	commerce	commerce	NOUN
easat-9654	531	42	,	,	PUNCT
easat-9654	531	43	"	"	PUNCT
easat-9654	531	44	mandarinable	mandarinable	ADJ
easat-9654	531	45	:	:	PUNCT
easat-9654	531	46	journal	journal	NOUN
easat-9654	531	47	of	of	ADP
easat-9654	531	48	chinese	chinese	ADJ
easat-9654	531	49	studies	study	NOUN
easat-9654	531	50	,	,	PUNCT
easat-9654	531	51	vol	vol	NOUN
easat-9654	531	52	.	.	PROPN
easat-9654	531	53	2	2	NUM
easat-9654	531	54	,	,	PUNCT
easat-9654	531	55	no	no	INTJ
easat-9654	531	56	.	.	NOUN
easat-9654	531	57	1	1	NUM
easat-9654	531	58	,	,	PUNCT
easat-9654	531	59	pp	pp	ADJ
easat-9654	531	60	.	.	PUNCT
easat-9654	532	1	58–71	58–71	NUM
easat-9654	532	2	,	,	PUNCT
easat-9654	532	3	2023	2023	NUM
easat-9654	532	4	.	.	PUNCT
easat-9654	533	1	[	[	X
easat-9654	533	2	37	37	NUM
easat-9654	533	3	]	]	PUNCT
easat-9654	533	4	a.	a.	NOUN
easat-9654	533	5	ciptarianto	ciptarianto	NOUN
easat-9654	533	6	and	and	CCONJ
easat-9654	533	7	y.	y.	PROPN
easat-9654	533	8	anggoro	anggoro	PROPN
easat-9654	533	9	,	,	PUNCT
easat-9654	533	10	"	"	PUNCT
easat-9654	533	11	e	e	NOUN
easat-9654	533	12	-	-	NOUN
easat-9654	533	13	wallet	wallet	NOUN
easat-9654	533	14	application	application	NOUN
easat-9654	533	15	penetration	penetration	NOUN
easat-9654	533	16	for	for	ADP
easat-9654	533	17	financial	financial	ADJ
easat-9654	533	18	inclusion	inclusion	NOUN
easat-9654	533	19	in	in	ADP
easat-9654	533	20	indonesia	indonesia	PROPN
easat-9654	533	21	.	.	PROPN
easat-9654	533	22	,	,	PUNCT
easat-9654	533	23	"	"	PUNCT
easat-9654	533	24	international	international	ADJ
easat-9654	533	25	journal	journal	NOUN
easat-9654	533	26	of	of	ADP
easat-9654	533	27	current	current	ADJ
easat-9654	533	28	science	science	NOUN
easat-9654	533	29	research	research	NOUN
easat-9654	533	30	and	and	CCONJ
easat-9654	533	31	review	review	NOUN
easat-9654	533	32	,	,	PUNCT
easat-9654	533	33	vol	vol	NOUN
easat-9654	533	34	.	.	PROPN
easat-9654	533	35	5	5	NUM
easat-9654	533	36	,	,	PUNCT
easat-9654	533	37	no	no	INTJ
easat-9654	533	38	.	.	NOUN
easat-9654	533	39	2	2	NUM
easat-9654	533	40	,	,	PUNCT
easat-9654	533	41	pp	pp	ADJ
easat-9654	533	42	.	.	PUNCT
easat-9654	533	43	319	319	NUM
easat-9654	533	44	-	-	SYM
easat-9654	533	45	332	332	NUM
easat-9654	533	46	,	,	PUNCT
easat-9654	533	47	2022	2022	NUM
easat-9654	533	48	.	.	PUNCT
easat-9654	534	1	[	[	X
easat-9654	534	2	38	38	NUM
easat-9654	534	3	]	]	PUNCT
easat-9654	534	4	t.	t.	PROPN
easat-9654	534	5	l.	l.	PROPN
easat-9654	534	6	chua	chua	PROPN
easat-9654	534	7	and	and	CCONJ
easat-9654	534	8	u.	u.	PROPN
easat-9654	534	9	oon	oon	PROPN
easat-9654	534	10	,	,	PUNCT
easat-9654	534	11	singapore	singapore	PROPN
easat-9654	534	12	:	:	PUNCT
easat-9654	534	13	law	law	NOUN
easat-9654	534	14	&	&	CCONJ
easat-9654	534	15	practice	practice	NOUN
easat-9654	534	16	.	.	PUNCT
easat-9654	535	1	in	in	ADP
easat-9654	535	2	blockchain	blockchain	PROPN
easat-9654	535	3	2024	2024	NUM
easat-9654	535	4	:	:	PUNCT
easat-9654	535	5	chambers	chamber	NOUN
easat-9654	535	6	global	global	ADJ
easat-9654	535	7	practice	practice	NOUN
easat-9654	535	8	guides	guide	NOUN
easat-9654	535	9	.	.	PUNCT
easat-9654	536	1	london	london	PROPN
easat-9654	536	2	:	:	PUNCT
easat-9654	536	3	chambers	chamber	NOUN
easat-9654	536	4	and	and	CCONJ
easat-9654	536	5	partners	partner	NOUN
easat-9654	536	6	,	,	PUNCT
easat-9654	536	7	2024	2024	NUM
easat-9654	536	8	.	.	PUNCT
easat-9654	537	1	[	[	X
easat-9654	537	2	39	39	NUM
easat-9654	537	3	]	]	PUNCT
easat-9654	537	4	w.	w.	PROPN
easat-9654	537	5	quan	quan	PROPN
easat-9654	537	6	,	,	PUNCT
easat-9654	537	7	j.	j.	PROPN
easat-9654	537	8	zhu	zhu	PROPN
easat-9654	537	9	,	,	PUNCT
easat-9654	537	10	k.	k.	PROPN
easat-9654	537	11	liao	liao	PROPN
easat-9654	537	12	,	,	PUNCT
easat-9654	537	13	and	and	CCONJ
easat-9654	537	14	s.	s.	PROPN
easat-9654	537	15	hong	hong	PROPN
easat-9654	537	16	,	,	PUNCT
easat-9654	537	17	overview	overview	NOUN
easat-9654	537	18	of	of	ADP
easat-9654	537	19	overseas	overseas	ADJ
easat-9654	537	20	fintech	fintech	NOUN
easat-9654	537	21	regulation	regulation	NOUN
easat-9654	537	22	.	.	PUNCT
easat-9654	538	1	singapore	singapore	PROPN
easat-9654	538	2	:	:	PUNCT
easat-9654	538	3	han	han	PROPN
easat-9654	538	4	kun	kun	PROPN
easat-9654	538	5	law	law	PROPN
easat-9654	538	6	review	review	PROPN
easat-9654	538	7	,	,	PUNCT
easat-9654	538	8	2022	2022	NUM
easat-9654	538	9	.	.	PUNCT
easat-9654	539	1	[	[	X
easat-9654	539	2	40	40	NUM
easat-9654	539	3	]	]	PUNCT
easat-9654	539	4	m.	m.	NOUN
easat-9654	539	5	k.	k.	PROPN
easat-9654	539	6	umara	umara	PROPN
easat-9654	539	7	and	and	CCONJ
easat-9654	539	8	m.	m.	PROPN
easat-9654	539	9	a.	a.	PROPN
easat-9654	539	10	i.	i.	PROPN
easat-9654	539	11	l.	l.	PROPN
easat-9654	539	12	bin	bin	PROPN
easat-9654	539	13	abdullahb	abdullahb	PROPN
easat-9654	539	14	,	,	PUNCT
easat-9654	539	15	"	"	PUNCT
easat-9654	539	16	an	an	DET
easat-9654	539	17	exploration	exploration	NOUN
easat-9654	539	18	of	of	ADP
easat-9654	539	19	the	the	DET
easat-9654	539	20	politicization	politicization	NOUN
easat-9654	539	21	of	of	ADP
easat-9654	539	22	religion	religion	NOUN
easat-9654	539	23	in	in	ADP
easat-9654	539	24	nigerian	nigerian	ADJ
easat-9654	539	25	democratization	democratization	NOUN
easat-9654	539	26	process	process	NOUN
easat-9654	539	27	.	.	PUNCT
easat-9654	540	1	proceedings	proceeding	NOUN
easat-9654	540	2	–	–	PUNCT
easat-9654	540	3	iclg	iclg	NOUN
easat-9654	540	4	2018	2018	NUM
easat-9654	540	5	,	,	PUNCT
easat-9654	540	6	272	272	NUM
easat-9654	540	7	;	;	PUNCT
easat-9654	540	8	securities	security	NOUN
easat-9654	540	9	commission	commission	PROPN
easat-9654	540	10	malaysia	malaysia	PROPN
easat-9654	540	11	,	,	PUNCT
easat-9654	540	12	"	"	PUNCT
easat-9654	540	13	sc	sc	PROPN
easat-9654	540	14	introduces	introduce	VERB
easat-9654	540	15	capital	capital	NOUN
easat-9654	540	16	market	market	NOUN
easat-9654	540	17	regulatory	regulatory	ADJ
easat-9654	540	18	sandbox	sandbox	NOUN
easat-9654	540	19	to	to	PART
easat-9654	540	20	spur	spur	VERB
easat-9654	540	21	innovation	innovation	NOUN
easat-9654	540	22	,	,	PUNCT
easat-9654	540	23	2018	2018	NUM
easat-9654	540	24	.	.	PUNCT
easat-9654	541	1	[	[	X
easat-9654	541	2	41	41	NUM
easat-9654	541	3	]	]	PUNCT
easat-9654	541	4	f.	f.	PROPN
easat-9654	541	5	a.	a.	PROPN
easat-9654	541	6	paul	paul	PROPN
easat-9654	541	7	,	,	PUNCT
easat-9654	541	8	"	"	PUNCT
easat-9654	541	9	bank	bank	NOUN
easat-9654	541	10	negara	negara	PROPN
easat-9654	541	11	issues	issue	NOUN
easat-9654	541	12	discussion	discussion	NOUN
easat-9654	541	13	paper	paper	NOUN
easat-9654	541	14	on	on	ADP
easat-9654	541	15	financial	financial	ADJ
easat-9654	541	16	inclusion	inclusion	NOUN
easat-9654	541	17	framework	framework	NOUN
easat-9654	541	18	2023–2026	2023–2026	NUM
easat-9654	541	19	,	,	PUNCT
easat-9654	541	20	"	"	PUNCT
easat-9654	541	21	skrine	skrine	NOUN
easat-9654	541	22	via	via	ADP
easat-9654	541	23	lexology	lexology	NOUN
easat-9654	541	24	,	,	PUNCT
easat-9654	541	25	2023	2023	NUM
easat-9654	541	26	.	.	PUNCT
easat-9654	542	1	https://www.lexology.com/library/detail.aspx?g=c1442e36-9564-4922-b285-45423bdc7b97	https://www.lexology.com/library/detail.aspx?g=c1442e36-9564-4922-b285-45423bdc7b97	PRON
easat-9654	543	1	[	[	X
easat-9654	543	2	42	42	NUM
easat-9654	543	3	]	]	PUNCT
easat-9654	543	4	t.	t.	PROPN
easat-9654	543	5	wijaya	wijaya	PROPN
easat-9654	543	6	,	,	PUNCT
easat-9654	543	7	"	"	PUNCT
easat-9654	543	8	unpacking	unpack	VERB
easat-9654	543	9	the	the	DET
easat-9654	543	10	fintech	fintech	NOUN
easat-9654	543	11	regulatory	regulatory	ADJ
easat-9654	543	12	sandbox	sandbox	NOUN
easat-9654	543	13	framework	framework	NOUN
easat-9654	543	14	in	in	ADP
easat-9654	543	15	indonesia	indonesia	PROPN
easat-9654	543	16	:	:	PUNCT
easat-9654	543	17	risks	risk	VERB
easat-9654	543	18	management	management	NOUN
easat-9654	543	19	and	and	CCONJ
easat-9654	543	20	the	the	DET
easat-9654	543	21	data	data	PROPN
easat-9654	543	22	privacy	privacy	PROPN
easat-9654	543	23	imperative	imperative	NOUN
easat-9654	543	24	,	,	PUNCT
easat-9654	543	25	"	"	PUNCT
easat-9654	543	26	center	center	NOUN
easat-9654	543	27	for	for	ADP
easat-9654	543	28	indonesian	indonesian	ADJ
easat-9654	543	29	policy	policy	NOUN
easat-9654	543	30	studies	study	NOUN
easat-9654	543	31	.	.	PUNCT
easat-9654	544	1	cips	cips	PROPN
easat-9654	544	2	policy	policy	NOUN
easat-9654	544	3	paper	paper	NOUN
easat-9654	544	4	no	no	INTJ
easat-9654	544	5	.	.	PROPN
easat-9654	544	6	60	60	NUM
easat-9654	544	7	,	,	PUNCT
easat-9654	544	8	pp	pp	ADJ
easat-9654	544	9	.	.	PUNCT
easat-9654	545	1	18–19	18–19	NUM
easat-9654	545	2	2023	2023	NUM
easat-9654	545	3	.	.	PUNCT
easat-9654	546	1	[	[	X
easat-9654	546	2	43	43	NUM
easat-9654	546	3	]	]	PUNCT
easat-9654	546	4	x.	x.	NOUN
easat-9654	546	5	zheng	zheng	PROPN
easat-9654	546	6	,	,	PUNCT
easat-9654	546	7	"	"	PUNCT
easat-9654	546	8	digital	digital	ADJ
easat-9654	546	9	going	go	VERB
easat-9654	546	10	global	global	ADJ
easat-9654	546	11	"	"	PUNCT
easat-9654	546	12	facilitates	facilitate	VERB
easat-9654	546	13	sme	sme	NOUN
easat-9654	546	14	exports	export	NOUN
easat-9654	546	15	,	,	PUNCT
easat-9654	546	16	"	"	PUNCT
easat-9654	546	17	china	china	PROPN
easat-9654	546	18	customs	customs	PROPN
easat-9654	546	19	,	,	PUNCT
easat-9654	546	20	vol	vol	NOUN
easat-9654	546	21	.	.	PROPN
easat-9654	546	22	1	1	NUM
easat-9654	546	23	,	,	PUNCT
easat-9654	546	24	p.	p.	NOUN
easat-9654	546	25	2	2	NUM
easat-9654	546	26	,	,	PUNCT
easat-9654	546	27	2019	2019	NUM
easat-9654	546	28	.	.	PUNCT
easat-9654	547	1	[	[	X
easat-9654	547	2	44	44	NUM
easat-9654	547	3	]	]	PUNCT
easat-9654	547	4	asean	asean	ADJ
easat-9654	547	5	investment	investment	NOUN
easat-9654	547	6	,	,	PUNCT
easat-9654	547	7	"	"	PUNCT
easat-9654	547	8	asean	asean	ADJ
easat-9654	547	9	investment	investment	NOUN
easat-9654	547	10	environment	environment	NOUN
easat-9654	547	11	analysis	analysis	NOUN
easat-9654	547	12	and	and	CCONJ
easat-9654	547	13	key	key	ADJ
easat-9654	547	14	issues	issue	NOUN
easat-9654	547	15	for	for	ADP
easat-9654	547	16	chinese	chinese	ADJ
easat-9654	547	17	enterprises	enterprise	NOUN
easat-9654	547	18	investing	invest	VERB
easat-9654	547	19	in	in	ADP
easat-9654	547	20	southeast	southeast	PROPN
easat-9654	547	21	asia	asia	PROPN
easat-9654	547	22	,	,	PUNCT
easat-9654	547	23	"	"	PUNCT
easat-9654	547	24	unpublished	unpublished	ADJ
easat-9654	547	25	manuscript	manuscript	NOUN
easat-9654	547	26	,	,	PUNCT
easat-9654	547	27	section	section	NOUN
easat-9654	547	28	3.3	3.3	NUM
easat-9654	547	29	indonesia	indonesia	PROPN
easat-9654	547	30	—	—	PUNCT
easat-9654	547	31	internet	internet	NOUN
easat-9654	547	32	,	,	PUNCT
easat-9654	547	33	n.d	n.d	PROPN
easat-9654	547	34	.	.	PUNCT
easat-9654	548	1	[	[	X
easat-9654	548	2	45	45	NUM
easat-9654	548	3	]	]	X
easat-9654	548	4	y.	y.	PROPN
easat-9654	548	5	zhou	zhou	PROPN
easat-9654	548	6	,	,	PUNCT
easat-9654	548	7	"	"	PUNCT
easat-9654	548	8	research	research	NOUN
easat-9654	548	9	report	report	NOUN
easat-9654	548	10	on	on	ADP
easat-9654	548	11	the	the	DET
easat-9654	548	12	layout	layout	NOUN
easat-9654	548	13	of	of	ADP
easat-9654	548	14	chinese	chinese	ADJ
easat-9654	548	15	fintech	fintech	NOUN
easat-9654	548	16	in	in	ADP
easat-9654	548	17	southeast	southeast	PROPN
easat-9654	548	18	asia	asia	PROPN
easat-9654	548	19	,	,	PUNCT
easat-9654	548	20	"	"	PUNCT
easat-9654	548	21	tencent	tencent	NOUN
easat-9654	548	22	news	news	NOUN
easat-9654	548	23	,	,	PUNCT
easat-9654	548	24	2021	2021	NUM
easat-9654	548	25	.	.	PUNCT
easat-9654	549	1	https://news.qq.com/rain/a/20211002a0828i00?web_channel=wap&openapp=false&f=newdc&suid=&media_id=	https://news.qq.com/rain/a/20211002a0828i00?web_channel=wap&openapp=false&f=newdc&suid=&media_id=	NOUN
easat-9654	549	2	[	[	X
easat-9654	549	3	46	46	NUM
easat-9654	549	4	]	]	X
easat-9654	549	5	d.	d.	PROPN
easat-9654	549	6	liu	liu	PROPN
easat-9654	549	7	,	,	PUNCT
easat-9654	549	8	"	"	PUNCT
easat-9654	549	9	the	the	DET
easat-9654	549	10	practical	practical	ADJ
easat-9654	549	11	foundation	foundation	NOUN
easat-9654	549	12	and	and	CCONJ
easat-9654	549	13	promotion	promotion	NOUN
easat-9654	549	14	strategies	strategy	NOUN
easat-9654	549	15	of	of	ADP
easat-9654	549	16	china	china	PROPN
easat-9654	549	17	-	-	PUNCT
easat-9654	549	18	indonesia	indonesia	PROPN
easat-9654	549	19	digital	digital	ADJ
easat-9654	549	20	economy	economy	NOUN
easat-9654	549	21	investment	investment	NOUN
easat-9654	549	22	cooperation	cooperation	NOUN
easat-9654	549	23	,	,	PUNCT
easat-9654	549	24	"	"	PUNCT
easat-9654	549	25	foreign	foreign	ADJ
easat-9654	549	26	economic	economic	ADJ
easat-9654	549	27	and	and	CCONJ
easat-9654	549	28	trade	trade	NOUN
easat-9654	549	29	practice	practice	NOUN
easat-9654	549	30	,	,	PUNCT
easat-9654	549	31	vol	vol	NOUN
easat-9654	549	32	.	.	PROPN
easat-9654	549	33	12	12	NUM
easat-9654	549	34	,	,	PUNCT
easat-9654	549	35	pp	pp	ADJ
easat-9654	549	36	.	.	PUNCT
easat-9654	550	1	81–84	81–84	NOUN
easat-9654	550	2	,	,	PUNCT
easat-9654	550	3	2021	2021	NUM
easat-9654	550	4	.	.	PUNCT
easat-9654	551	1	[	[	X
easat-9654	551	2	47	47	NUM
easat-9654	551	3	]	]	X
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easat-9654	551	5	startup	startup	PROPN
easat-9654	551	6	community	community	NOUN
easat-9654	551	7	,	,	PUNCT
easat-9654	551	8	"	"	PUNCT
easat-9654	551	9	akulaku	akulaku	PROPN
easat-9654	551	10	,	,	PUNCT
easat-9654	551	11	a	a	DET
easat-9654	551	12	consumer	consumer	NOUN
easat-9654	551	13	finance	finance	NOUN
easat-9654	551	14	overseas	overseas	ADJ
easat-9654	551	15	brand	brand	NOUN
easat-9654	551	16	,	,	PUNCT
easat-9654	551	17	secures	secure	VERB
easat-9654	551	18	$	$	SYM
easat-9654	551	19	70	70	NUM
easat-9654	551	20	million	million	NUM
easat-9654	551	21	in	in	ADP
easat-9654	551	22	series	series	PROPN
easat-9654	551	23	c	c	PROPN
easat-9654	551	24	funding	funding	NOUN
easat-9654	551	25	led	lead	VERB
easat-9654	551	26	by	by	ADP
easat-9654	551	27	finvolution	finvolution	NOUN
easat-9654	551	28	group	group	NOUN
easat-9654	551	29	,	,	PUNCT
easat-9654	551	30	"	"	PUNCT
easat-9654	551	31	aliyun	aliyun	PROPN
easat-9654	551	32	startup	startup	NOUN
easat-9654	551	33	community	community	NOUN
easat-9654	551	34	,	,	PUNCT
easat-9654	551	35	2018	2018	NUM
easat-9654	551	36	.	.	PUNCT
easat-9654	552	1	https://startup.aliyun.com/info/1023001.html	https://startup.aliyun.com/info/1023001.html	VERB
easat-9654	553	1	[	[	X
easat-9654	553	2	48	48	NUM
easat-9654	553	3	]	]	PUNCT
easat-9654	553	4	z.	z.	PROPN
easat-9654	553	5	guo	guo	PROPN
easat-9654	553	6	,	,	PUNCT
easat-9654	553	7	"	"	PUNCT
easat-9654	553	8	the	the	DET
easat-9654	553	9	“	"	PUNCT
easat-9654	553	10	payment	payment	NOUN
easat-9654	553	11	war	war	NOUN
easat-9654	553	12	”	"	PUNCT
easat-9654	553	13	ignites	ignite	VERB
easat-9654	553	14	in	in	ADP
easat-9654	553	15	southeast	southeast	ADJ
easat-9654	553	16	asia	asia	PROPN
easat-9654	553	17	,	,	PUNCT
easat-9654	553	18	"	"	PUNCT
easat-9654	553	19	globalinsights	globalinsight	NOUN
easat-9654	553	20	,	,	PUNCT
easat-9654	553	21	2023	2023	NUM
easat-9654	553	22	.	.	PUNCT
easat-9654	554	1	[	[	X
easat-9654	554	2	49	49	X
easat-9654	554	3	]	]	X
easat-9654	554	4	y.	y.	PROPN
easat-9654	554	5	guan	guan	PROPN
easat-9654	554	6	and	and	CCONJ
easat-9654	554	7	g.	g.	PROPN
easat-9654	554	8	fang	fang	PROPN
easat-9654	554	9	,	,	PUNCT
easat-9654	554	10	"	"	PUNCT
easat-9654	554	11	investment	investment	NOUN
easat-9654	554	12	dominance	dominance	NOUN
easat-9654	554	13	:	:	PUNCT
easat-9654	554	14	tencent	tencent	NOUN
easat-9654	554	15	and	and	CCONJ
easat-9654	554	16	alibaba	alibaba	PROPN
easat-9654	554	17	divide	divide	PROPN
easat-9654	554	18	china	china	PROPN
easat-9654	554	19	’s	’s	PART
easat-9654	554	20	unicorns	unicorn	NOUN
easat-9654	554	21	,	,	PUNCT
easat-9654	554	22	"	"	PUNCT
easat-9654	554	23	2019	2019	NUM
easat-9654	554	24	.	.	PUNCT
easat-9654	555	1	https://www.iyiou.com/news/2019041997891	https://www.iyiou.com/news/2019041997891	PROPN
easat-9654	555	2	[	[	X
easat-9654	555	3	50	50	NUM
easat-9654	555	4	]	]	X
easat-9654	555	5	finvolution	finvolution	NOUN
easat-9654	555	6	group	group	NOUN
easat-9654	555	7	,	,	PUNCT
easat-9654	555	8	"	"	PUNCT
easat-9654	555	9	finvolution	finvolution	ADJ
easat-9654	555	10	subsidiary	subsidiary	NOUN
easat-9654	555	11	adakami	adakami	NOUN
easat-9654	555	12	signs	sign	VERB
easat-9654	555	13	strategic	strategic	ADJ
easat-9654	555	14	cooperation	cooperation	NOUN
easat-9654	555	15	with	with	ADP
easat-9654	555	16	bank	bank	PROPN
easat-9654	555	17	ocbc	ocbc	PROPN
easat-9654	555	18	nisp	nisp	PROPN
easat-9654	555	19	,	,	PUNCT
easat-9654	555	20	"	"	PUNCT
easat-9654	555	21	pr	pr	NOUN
easat-9654	555	22	newswire	newswire	NOUN
easat-9654	555	23	,	,	PUNCT
easat-9654	555	24	2023	2023	NUM
easat-9654	555	25	.	.	PUNCT
easat-9654	556	1	https://www.prnewswire.com/news-releases/finvolution-subsidiary-adakami-signs-strategiccooperation-with-bank-ocbc-nisp-301851661.html	https://www.prnewswire.com/news-releases/finvolution-subsidiary-adakami-signs-strategiccooperation-with-bank-ocbc-nisp-301851661.html	NOUN
easat-9654	557	1	[	[	X
easat-9654	557	2	51	51	NUM
easat-9654	557	3	]	]	X
easat-9654	557	4	krediblog	krediblog	NOUN
easat-9654	557	5	,	,	PUNCT
easat-9654	557	6	"	"	PUNCT
easat-9654	557	7	adakami	adakami	ADJ
easat-9654	557	8	–	–	PUNCT
easat-9654	557	9	review	review	NOUN
easat-9654	557	10	,	,	PUNCT
easat-9654	557	11	how	how	SCONJ
easat-9654	557	12	to	to	PART
easat-9654	557	13	register	register	VERB
easat-9654	557	14	,	,	PUNCT
easat-9654	557	15	interest	interest	NOUN
easat-9654	557	16	,	,	PUNCT
easat-9654	557	17	fines	fine	NOUN
easat-9654	557	18	and	and	CCONJ
easat-9654	557	19	simulation	simulation	NOUN
easat-9654	557	20	,	,	PUNCT
easat-9654	557	21	"	"	PUNCT
easat-9654	557	22	2025	2025	NUM
easat-9654	557	23	.	.	PUNCT
easat-9654	557	24	https://krediblog.id/adakami/	https://krediblog.id/adakami/	X
easat-9654	558	1	https://www.gov.cn/xinwen/2016-10/13/content_5118615.htm	https://www.gov.cn/xinwen/2016-10/13/content_5118615.htm	X
easat-9654	558	2	https://mp.weixin.qq.com/s?__biz=mza4mjq0nde2oa==&mid=2652776746&idx=1&sn=04727594c90bd4c1d348cd42c67bb2d7&chksm=846f23cdb318aadb24cf811c5bc78d3f05866f5002e5269d66883db1d8a8763460bb4fff19f2&scene=27	https://mp.weixin.qq.com/s?__biz=mza4mjq0nde2oa==&mid=2652776746&idx=1&sn=04727594c90bd4c1d348cd42c67bb2d7&chksm=846f23cdb318aadb24cf811c5bc78d3f05866f5002e5269d66883db1d8a8763460bb4fff19f2&scene=27	VERB
easat-9654	558	3	https://mp.weixin.qq.com/s?__biz=mza4mjq0nde2oa==&mid=2652776746&idx=1&sn=04727594c90bd4c1d348cd42c67bb2d7&chksm=846f23cdb318aadb24cf811c5bc78d3f05866f5002e5269d66883db1d8a8763460bb4fff19f2&scene=27	https://mp.weixin.qq.com/s?__biz=mza4mjq0nde2oa==&mid=2652776746&idx=1&sn=04727594c90bd4c1d348cd42c67bb2d7&chksm=846f23cdb318aadb24cf811c5bc78d3f05866f5002e5269d66883db1d8a8763460bb4fff19f2&scene=27	ADJ
easat-9654	558	4	https://mp.weixin.qq.com/s?__biz=mza4mjq0nde2oa==&mid=2652776746&idx=1&sn=04727594c90bd4c1d348cd42c67bb2d7&chksm=846f23cdb318aadb24cf811c5bc78d3f05866f5002e5269d66883db1d8a8763460bb4fff19f2&scene=27	https://mp.weixin.qq.com/s?__biz=mza4mjq0nde2oa==&mid=2652776746&idx=1&sn=04727594c90bd4c1d348cd42c67bb2d7&chksm=846f23cdb318aadb24cf811c5bc78d3f05866f5002e5269d66883db1d8a8763460bb4fff19f2&scene=27	ADJ
easat-9654	558	5	https://www.rrlicai.com/daikuan/71193.html	https://www.rrlicai.com/daikuan/71193.html	PROPN
easat-9654	558	6	https://www.wplaws.com/wp-newsletter-ojks-latest-peer-to-peer-lending-p2p-rules-major-shifts-and-what-to-expect/	https://www.wplaws.com/wp-newsletter-ojks-latest-peer-to-peer-lending-p2p-rules-major-shifts-and-what-to-expect/	PROPN
easat-9654	558	7	https://www.wplaws.com/wp-newsletter-ojks-latest-peer-to-peer-lending-p2p-rules-major-shifts-and-what-to-expect/	https://www.wplaws.com/wp-newsletter-ojks-latest-peer-to-peer-lending-p2p-rules-major-shifts-and-what-to-expect/	PROPN
easat-9654	558	8	https://xpandeast.com/blog/p2p-lending-indonesia/	https://xpandeast.com/blog/p2p-lending-indonesia/	NOUN
easat-9654	558	9	https://www.gov.cn/yaowen/shipin/202312/content_6923017.htm	https://www.gov.cn/yaowen/shipin/202312/content_6923017.htm	PROPN
easat-9654	558	10	https://www.lexology.com/library/detail.aspx?g=c1442e36-9564-4922-b285-45423bdc7b97	https://www.lexology.com/library/detail.aspx?g=c1442e36-9564-4922-b285-45423bdc7b97	PROPN
easat-9654	558	11	https://news.qq.com/rain/a/20211002a0828i00?web_channel=wap&openapp=false&f=newdc&suid=&media_id	https://news.qq.com/rain/a/20211002a0828i00?web_channel=wap&openapp=false&f=newdc&suid=&media_id	PROPN
easat-9654	558	12	https://startup.aliyun.com/info/1023001.html	https://startup.aliyun.com/info/1023001.html	VERB
easat-9654	558	13	https://www.iyiou.com/news/2019041997891	https://www.iyiou.com/news/2019041997891	PROPN
easat-9654	558	14	https://www.prnewswire.com/news-releases/finvolution-subsidiary-adakami-signs-strategic-cooperation-with-bank-ocbc-nisp-301851661.html	https://www.prnewswire.com/news-releases/finvolution-subsidiary-adakami-signs-strategic-cooperation-with-bank-ocbc-nisp-301851661.html	PROPN
easat-9654	558	15	https://www.prnewswire.com/news-releases/finvolution-subsidiary-adakami-signs-strategic-cooperation-with-bank-ocbc-nisp-301851661.html	https://www.prnewswire.com/news-releases/finvolution-subsidiary-adakami-signs-strategic-cooperation-with-bank-ocbc-nisp-301851661.html	PROPN
easat-9654	558	16	https://krediblog.id/adakami/	https://krediblog.id/adakami/	X
easat-9654	559	1	1578	1578	NUM
easat-9654	559	2	edelweiss	edelweiss	PROPN
easat-9654	559	3	applied	apply	VERB
easat-9654	559	4	science	science	NOUN
easat-9654	559	5	and	and	CCONJ
easat-9654	559	6	technology	technology	NOUN
easat-9654	559	7	issn	issn	PROPN
easat-9654	559	8	:	:	PUNCT
easat-9654	559	9	2576	2576	NUM
easat-9654	559	10	-	-	SYM
easat-9654	559	11	8484	8484	NUM
easat-9654	559	12	vol	vol	NOUN
easat-9654	559	13	.	.	PROPN
easat-9654	560	1	9	9	NUM
easat-9654	560	2	,	,	PUNCT
easat-9654	560	3	no	no	INTJ
easat-9654	560	4	.	.	NOUN
easat-9654	560	5	8	8	NUM
easat-9654	560	6	:	:	SYM
easat-9654	560	7	1558	1558	NUM
easat-9654	560	8	-	-	SYM
easat-9654	560	9	1579	1579	NUM
easat-9654	560	10	,	,	PUNCT
easat-9654	560	11	2025	2025	NUM
easat-9654	560	12	doi	doi	NOUN
easat-9654	560	13	:	:	PUNCT
easat-9654	560	14	10.55214/2576	10.55214/2576	NUM
easat-9654	560	15	-	-	PUNCT
easat-9654	560	16	8484.v9i8.9640	8484.v9i8.9640	ADJ
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easat-9654	560	21	authors	author	NOUN
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easat-9654	560	24	learning	learning	NOUN
easat-9654	560	25	gate	gate	NOUN
easat-9654	561	1	[	[	X
easat-9654	561	2	52	52	NUM
easat-9654	561	3	]	]	PUNCT
easat-9654	561	4	fintech	fintech	NOUN
easat-9654	561	5	news	news	PROPN
easat-9654	561	6	singapore	singapore	PROPN
easat-9654	561	7	,	,	PUNCT
easat-9654	561	8	"	"	PUNCT
easat-9654	561	9	buy	buy	VERB
easat-9654	561	10	now	now	ADV
easat-9654	561	11	,	,	PUNCT
easat-9654	561	12	pay	pay	VERB
easat-9654	561	13	later	later	ADJ
easat-9654	561	14	adoption	adoption	NOUN
easat-9654	561	15	takes	take	VERB
easat-9654	561	16	off	off	ADP
easat-9654	561	17	in	in	ADP
easat-9654	561	18	indonesia	indonesia	PROPN
easat-9654	561	19	,	,	PUNCT
easat-9654	561	20	"	"	PUNCT
easat-9654	561	21	2021	2021	NUM
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easat-9654	562	1	https://fintechnews.sg/56293/indonesia/buy-now-pay-later-adoption-takes-off-in-indonesia/	https://fintechnews.sg/56293/indonesia/buy-now-pay-later-adoption-takes-off-in-indonesia/	VERB
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easat-9654	563	2	53	53	NUM
easat-9654	563	3	]	]	PUNCT
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easat-9654	563	6	,	,	PUNCT
easat-9654	563	7	"	"	PUNCT
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easat-9654	563	10	kredivo	kredivo	NOUN
easat-9654	563	11	:	:	PUNCT
easat-9654	563	12	a	a	DET
easat-9654	563	13	tale	tale	NOUN
easat-9654	563	14	of	of	ADP
easat-9654	563	15	two	two	NUM
easat-9654	563	16	bnpl	bnpl	PROPN
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easat-9654	563	19	"	"	PUNCT
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easat-9654	563	21	finance	finance	NOUN
easat-9654	563	22	media	medium	NOUN
easat-9654	563	23	,	,	PUNCT
easat-9654	563	24	2021	2021	NUM
easat-9654	563	25	.	.	PUNCT
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easat-9654	564	2	54	54	NUM
easat-9654	564	3	]	]	PUNCT
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easat-9654	564	5	counsellors	counsellor	NOUN
easat-9654	564	6	at	at	ADP
easat-9654	564	7	law	law	NOUN
easat-9654	564	8	,	,	PUNCT
easat-9654	564	9	"	"	PUNCT
easat-9654	564	10	the	the	DET
easat-9654	564	11	legal	legal	ADJ
easat-9654	564	12	500	500	NUM
easat-9654	564	13	country	country	NOUN
easat-9654	564	14	comparative	comparative	ADJ
easat-9654	564	15	guides	guide	NOUN
easat-9654	564	16	:	:	PUNCT
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easat-9654	564	18	–	–	PUNCT
easat-9654	564	19	banking	banking	NOUN
easat-9654	564	20	&	&	CCONJ
easat-9654	564	21	finance	finance	NOUN
easat-9654	564	22	,	,	PUNCT
easat-9654	564	23	"	"	PUNCT
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easat-9654	565	1	[	[	X
easat-9654	565	2	55	55	NUM
easat-9654	565	3	]	]	PUNCT
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easat-9654	565	8	l.	l.	PROPN
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easat-9654	565	14	"	"	PUNCT
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easat-9654	565	17	research	research	NOUN
easat-9654	565	18	report	report	NOUN
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easat-9654	565	20	"	"	PUNCT
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easat-9654	565	29	tsinghua	tsinghua	PROPN
easat-9654	565	30	pbcsf	pbcsf	PROPN
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easat-9654	565	32	finance	finance	NOUN
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easat-9654	566	3	]	]	X
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easat-9654	566	6	"	"	PUNCT
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easat-9654	566	9	(	(	PUNCT
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easat-9654	566	11	)	)	PUNCT
easat-9654	566	12	,	,	PUNCT
easat-9654	566	13	"	"	PUNCT
easat-9654	566	14	wikipedia	wikipedia	PROPN
easat-9654	566	15	,	,	PUNCT
easat-9654	566	16	2025	2025	NUM
easat-9654	566	17	.	.	PUNCT
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easat-9654	568	2	57	57	NUM
easat-9654	568	3	]	]	X
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easat-9654	568	5	indonesia	indonesia	PROPN
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easat-9654	568	7	"	"	PUNCT
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easat-9654	568	9	number	number	NOUN
easat-9654	568	10	1	1	NUM
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easat-9654	568	12	2022	2022	NUM
easat-9654	568	13	concerning	concern	VERB
easat-9654	568	14	financial	financial	ADJ
easat-9654	568	15	relations	relation	NOUN
easat-9654	568	16	between	between	ADP
easat-9654	568	17	the	the	DET
easat-9654	568	18	central	central	ADJ
easat-9654	568	19	government	government	NOUN
easat-9654	568	20	and	and	CCONJ
easat-9654	568	21	the	the	DET
easat-9654	568	22	regional	regional	ADJ
easat-9654	568	23	government	government	NOUN
easat-9654	568	24	,	,	PUNCT
easat-9654	568	25	"	"	PUNCT
easat-9654	568	26	daerah	daerah	PROPN
easat-9654	568	27	.	.	PUNCT
easat-9654	569	1	ln	ln	ADJ
easat-9654	569	2	 	 	SPACE
easat-9654	569	3	2022	2022	NUM
easat-9654	569	4	/	/	SYM
easat-9654	569	5	no	no	INTJ
easat-9654	569	6	.	.	PUNCT
easat-9654	569	7	 	 	SPACE
easat-9654	569	8	4	4	NUM
easat-9654	569	9	,	,	PUNCT
easat-9654	569	10	tln	tln	NOUN
easat-9654	569	11	 	 	SPACE
easat-9654	569	12	no	no	NOUN
easat-9654	569	13	.	.	PUNCT
easat-9654	569	14	 	 	SPACE
easat-9654	569	15	6757	6757	NUM
easat-9654	569	16	.	.	PUNCT
easat-9654	570	1	jakarta	jakarta	PROPN
easat-9654	570	2	,	,	PUNCT
easat-9654	570	3	2022	2022	NUM
easat-9654	570	4	.	.	PUNCT
easat-9654	571	1	[	[	X
easat-9654	571	2	58	58	NUM
easat-9654	571	3	]	]	X
easat-9654	571	4	g.	g.	PROPN
easat-9654	571	5	j.	j.	PROPN
easat-9654	571	6	gonschorek	gonschorek	PROPN
easat-9654	571	7	,	,	PUNCT
easat-9654	571	8	"	"	PUNCT
easat-9654	571	9	rules	rule	NOUN
easat-9654	571	10	versus	versus	ADP
easat-9654	571	11	discretion	discretion	NOUN
easat-9654	571	12	:	:	PUNCT
easat-9654	571	13	empirical	empirical	ADJ
easat-9654	571	14	evidence	evidence	NOUN
easat-9654	571	15	from	from	ADP
easat-9654	571	16	indonesia	indonesia	PROPN
easat-9654	571	17	's	's	PART
easat-9654	571	18	intergovernmental	intergovernmental	ADJ
easat-9654	571	19	transfer	transfer	NOUN
easat-9654	571	20	system	system	NOUN
easat-9654	571	21	,	,	PUNCT
easat-9654	571	22	"	"	PUNCT
easat-9654	571	23	(	(	PUNCT
easat-9654	571	24	discussion	discussion	NOUN
easat-9654	571	25	paper	paper	NOUN
easat-9654	571	26	series	series	NOUN
easat-9654	571	27	,	,	PUNCT
easat-9654	571	28	no	no	INTJ
easat-9654	571	29	.	.	NOUN
easat-9654	571	30	40	40	NUM
easat-9654	571	31	)	)	PUNCT
easat-9654	571	32	.	.	PUNCT
easat-9654	572	1	university	university	NOUN
easat-9654	572	2	of	of	ADP
easat-9654	572	3	freiburg	freiburg	PROPN
easat-9654	572	4	,	,	PUNCT
easat-9654	572	5	department	department	NOUN
easat-9654	572	6	of	of	ADP
easat-9654	572	7	international	international	ADJ
easat-9654	572	8	economic	economic	ADJ
easat-9654	572	9	policy	policy	NOUN
easat-9654	572	10	,	,	PUNCT
easat-9654	572	11	2021	2021	NUM
easat-9654	572	12	.	.	PUNCT
easat-9654	573	1	[	[	X
easat-9654	573	2	59	59	NUM
easat-9654	573	3	]	]	X
easat-9654	573	4	n.	n.	PROPN
easat-9654	573	5	evason	evason	PROPN
easat-9654	573	6	,	,	PUNCT
easat-9654	573	7	"	"	PUNCT
easat-9654	573	8	indonesian	indonesian	ADJ
easat-9654	573	9	culture	culture	NOUN
easat-9654	573	10	:	:	PUNCT
easat-9654	573	11	naming	name	VERB
easat-9654	573	12	"	"	PUNCT
easat-9654	573	13	,	,	PUNCT
easat-9654	573	14	cultural	cultural	ADJ
easat-9654	573	15	atlas	atlas	PROPN
easat-9654	573	16	,	,	PUNCT
easat-9654	573	17	2021	2021	NUM
easat-9654	573	18	.	.	PUNCT
easat-9654	574	1	https://culturalatlas.sbs.com.au/indonesianculture/indonesian-culture-naming	https://culturalatlas.sbs.com.au/indonesianculture/indonesian-culture-name	VERB
easat-9654	574	2	[	[	X
easat-9654	574	3	60	60	NUM
easat-9654	574	4	]	]	PUNCT
easat-9654	574	5	s.	s.	PROPN
easat-9654	574	6	q.	q.	PROPN
easat-9654	574	7	zheng	zheng	PROPN
easat-9654	574	8	,	,	PUNCT
easat-9654	574	9	"	"	PUNCT
easat-9654	574	10	how	how	SCONJ
easat-9654	574	11	does	do	AUX
easat-9654	574	12	indonesia	indonesia	PROPN
easat-9654	574	13	protect	protect	VERB
easat-9654	574	14	personal	personal	ADJ
easat-9654	574	15	data	datum	NOUN
easat-9654	574	16	?	?	PUNCT
easat-9654	575	1	,	,	PUNCT
easat-9654	575	2	"	"	PUNCT
easat-9654	575	3	zhihu	zhihu	PROPN
easat-9654	575	4	,	,	PUNCT
easat-9654	575	5	2023	2023	NUM
easat-9654	575	6	.	.	PUNCT
easat-9654	576	1	https://zhuanlan.zhihu.com/p/648648225	https://zhuanlan.zhihu.com/p/648648225	PROPN
easat-9654	577	1	[	[	X
easat-9654	577	2	61	61	NUM
easat-9654	577	3	]	]	PUNCT
easat-9654	577	4	m.	m.	NOUN
easat-9654	577	5	a.	a.	PROPN
easat-9654	577	6	uddin	uddin	PROPN
easat-9654	577	7	,	,	PUNCT
easat-9654	577	8	principles	principle	NOUN
easat-9654	577	9	of	of	ADP
easat-9654	577	10	islamic	islamic	ADJ
easat-9654	577	11	finance	finance	NOUN
easat-9654	577	12	:	:	PUNCT
easat-9654	577	13	prohibition	prohibition	NOUN
easat-9654	577	14	of	of	ADP
easat-9654	577	15	riba	riba	PROPN
easat-9654	577	16	gharar	gharar	PROPN
easat-9654	577	17	and	and	CCONJ
easat-9654	577	18	maysir	maysir	NOUN
easat-9654	577	19	.	.	PUNCT
easat-9654	578	1	germany	germany	PROPN
easat-9654	578	2	:	:	PUNCT
easat-9654	578	3	university	university	NOUN
easat-9654	578	4	library	library	NOUN
easat-9654	578	5	of	of	ADP
easat-9654	578	6	munich	munich	PROPN
easat-9654	578	7	,	,	PUNCT
easat-9654	578	8	2015	2015	NUM
easat-9654	578	9	.	.	PUNCT
easat-9654	579	1	[	[	X
easat-9654	579	2	62	62	NUM
easat-9654	579	3	]	]	PUNCT
easat-9654	579	4	financial	financial	ADJ
easat-9654	579	5	services	service	NOUN
easat-9654	579	6	authority	authority	NOUN
easat-9654	579	7	,	,	PUNCT
easat-9654	579	8	financial	financial	ADJ
easat-9654	579	9	services	service	NOUN
easat-9654	579	10	authority	authority	NOUN
easat-9654	579	11	regulation	regulation	NOUN
easat-9654	579	12	no	no	NOUN
easat-9654	579	13	.	.	NOUN
easat-9654	580	1	10	10	NUM
easat-9654	580	2	/	/	SYM
easat-9654	580	3	pojk.05/2022	pojk.05/2022	NOUN
easat-9654	580	4	concerning	concern	VERB
easat-9654	580	5	information	information	NOUN
easat-9654	580	6	technology	technology	NOUN
easat-9654	580	7	-	-	PUNCT
easat-9654	580	8	based	base	VERB
easat-9654	580	9	co	co	ADJ
easat-9654	580	10	-	-	ADJ
easat-9654	580	11	financing	financing	ADJ
easat-9654	580	12	services	service	NOUN
easat-9654	580	13	.	.	PUNCT
easat-9654	581	1	jakarta	jakarta	PROPN
easat-9654	581	2	,	,	PUNCT
easat-9654	581	3	indonesia	indonesia	PROPN
easat-9654	581	4	:	:	PUNCT
easat-9654	581	5	financial	financial	ADJ
easat-9654	581	6	services	service	NOUN
easat-9654	581	7	authority	authority	NOUN
easat-9654	581	8	,	,	PUNCT
easat-9654	581	9	2022	2022	NUM
easat-9654	581	10	.	.	PUNCT
easat-9654	582	1	[	[	X
easat-9654	582	2	63	63	NUM
easat-9654	582	3	]	]	X
easat-9654	582	4	wikipedia	wikipedia	PROPN
easat-9654	582	5	,	,	PUNCT
easat-9654	582	6	"	"	PUNCT
easat-9654	582	7	islam	islam	PROPN
easat-9654	582	8	in	in	ADP
easat-9654	582	9	indonesia	indonesia	PROPN
easat-9654	582	10	,	,	PUNCT
easat-9654	582	11	"	"	PUNCT
easat-9654	582	12	the	the	DET
easat-9654	582	13	free	free	ADJ
easat-9654	582	14	encyclopedia	encyclopedia	NOUN
easat-9654	582	15	,	,	PUNCT
easat-9654	582	16	2025	2025	NUM
easat-9654	582	17	.	.	PUNCT
easat-9654	583	1	https://en.wikipedia.org/wiki/islam_in_indonesia	https://en.wikipedia.org/wiki/islam_in_indonesia	PROPN
easat-9654	583	2	[	[	PUNCT
easat-9654	583	3	64	64	NUM
easat-9654	583	4	]	]	SYM
easat-9654	583	5	republic	republic	NOUN
easat-9654	583	6	of	of	ADP
easat-9654	583	7	indonesia	indonesia	PROPN
easat-9654	583	8	,	,	PUNCT
easat-9654	583	9	"	"	PUNCT
easat-9654	583	10	annual	annual	ADJ
easat-9654	583	11	report	report	NOUN
easat-9654	583	12	of	of	ADP
easat-9654	583	13	republic	republic	NOUN
easat-9654	583	14	of	of	ADP
easat-9654	583	15	indonesia	indonesia	PROPN
easat-9654	583	16	:	:	PUNCT
easat-9654	583	17	exhibit	exhibit	VERB
easat-9654	583	18	99.d	99.d	NUM
easat-9654	583	19	—	—	PUNCT
easat-9654	583	20	description	description	NOUN
easat-9654	583	21	of	of	ADP
easat-9654	583	22	the	the	DET
easat-9654	583	23	republic	republic	NOUN
easat-9654	583	24	of	of	ADP
easat-9654	583	25	indonesia	indonesia	PROPN
easat-9654	583	26	,	,	PUNCT
easat-9654	583	27	"	"	PUNCT
easat-9654	583	28	republic	republic	NOUN
easat-9654	583	29	of	of	ADP
easat-9654	583	30	indonesia	indonesia	PROPN
easat-9654	583	31	.	.	PUNCT
easat-9654	584	1	no	no	INTJ
easat-9654	584	2	.	.	PUNCT
easat-9654	585	1	d-67	d-67	PROPN
easat-9654	585	2	–	–	PUNCT
easat-9654	585	3	d-69	d-69	NUM
easat-9654	585	4	,	,	PUNCT
easat-9654	585	5	2024	2024	NUM
easat-9654	585	6	.	.	PUNCT
easat-9654	586	1	[	[	X
easat-9654	586	2	65	65	NUM
easat-9654	586	3	]	]	X
easat-9654	586	4	t.	t.	NOUN
easat-9654	586	5	akbar	akbar	NOUN
easat-9654	586	6	and	and	CCONJ
easat-9654	586	7	a.	a.	NOUN
easat-9654	586	8	siti	siti	PROPN
easat-9654	586	9	-	-	PUNCT
easat-9654	586	10	nabiha	nabiha	ADJ
easat-9654	586	11	,	,	PUNCT
easat-9654	586	12	"	"	PUNCT
easat-9654	586	13	objectives	objective	NOUN
easat-9654	586	14	and	and	CCONJ
easat-9654	586	15	measures	measure	NOUN
easat-9654	586	16	of	of	ADP
easat-9654	586	17	performance	performance	NOUN
easat-9654	586	18	of	of	ADP
easat-9654	586	19	islamic	islamic	ADJ
easat-9654	586	20	microfinance	microfinance	NOUN
easat-9654	586	21	banks	bank	NOUN
easat-9654	586	22	in	in	ADP
easat-9654	586	23	indonesia	indonesia	PROPN
easat-9654	586	24	:	:	PUNCT
easat-9654	586	25	the	the	DET
easat-9654	586	26	stakeholders	stakeholder	NOUN
easat-9654	586	27	'	'	PART
easat-9654	586	28	perspectives	perspective	NOUN
easat-9654	586	29	,	,	PUNCT
easat-9654	586	30	"	"	PUNCT
easat-9654	586	31	isra	isra	PROPN
easat-9654	586	32	international	international	PROPN
easat-9654	586	33	journal	journal	PROPN
easat-9654	586	34	of	of	ADP
easat-9654	586	35	islamic	islamic	PROPN
easat-9654	586	36	finance	finance	PROPN
easat-9654	586	37	,	,	PUNCT
easat-9654	586	38	vol	vol	NOUN
easat-9654	586	39	.	.	PROPN
easat-9654	586	40	14	14	NUM
easat-9654	586	41	,	,	PUNCT
easat-9654	586	42	no	no	INTJ
easat-9654	586	43	.	.	NOUN
easat-9654	586	44	2	2	NUM
easat-9654	586	45	,	,	PUNCT
easat-9654	586	46	pp	pp	ADJ
easat-9654	586	47	.	.	PUNCT
easat-9654	587	1	124	124	NUM
easat-9654	587	2	-	-	SYM
easat-9654	587	3	140	140	NUM
easat-9654	587	4	,	,	PUNCT
easat-9654	587	5	2022	2022	NUM
easat-9654	587	6	.	.	PUNCT
easat-9654	588	1	[	[	X
easat-9654	588	2	66	66	NUM
easat-9654	588	3	]	]	PUNCT
easat-9654	588	4	a.	a.	NOUN
easat-9654	588	5	tritto	tritto	NOUN
easat-9654	588	6	,	,	PUNCT
easat-9654	588	7	y.	y.	NOUN
easat-9654	588	8	he	he	PRON
easat-9654	588	9	,	,	PUNCT
easat-9654	588	10	and	and	CCONJ
easat-9654	588	11	v.	v.	ADP
easat-9654	588	12	a.	a.	NOUN
easat-9654	588	13	junaedi	junaedi	PROPN
easat-9654	588	14	,	,	PUNCT
easat-9654	588	15	"	"	PUNCT
easat-9654	588	16	governing	govern	VERB
easat-9654	588	17	the	the	DET
easat-9654	588	18	gold	gold	ADJ
easat-9654	588	19	rush	rush	NOUN
easat-9654	588	20	into	into	ADP
easat-9654	588	21	emerging	emerge	VERB
easat-9654	588	22	markets	market	NOUN
easat-9654	588	23	:	:	PUNCT
easat-9654	588	24	a	a	DET
easat-9654	588	25	case	case	NOUN
easat-9654	588	26	study	study	NOUN
easat-9654	588	27	of	of	ADP
easat-9654	588	28	indonesia	indonesia	PROPN
easat-9654	588	29	’s	’s	PART
easat-9654	588	30	regulatory	regulatory	ADJ
easat-9654	588	31	responses	response	NOUN
easat-9654	588	32	to	to	ADP
easat-9654	588	33	the	the	DET
easat-9654	588	34	expansion	expansion	NOUN
easat-9654	588	35	of	of	ADP
easat-9654	588	36	chinese	chinese	PROPN
easat-9654	588	37	-	-	PUNCT
easat-9654	588	38	backed	back	VERB
easat-9654	588	39	online	online	ADJ
easat-9654	588	40	p2p	p2p	NOUN
easat-9654	588	41	lending	lending	NOUN
easat-9654	588	42	,	,	PUNCT
easat-9654	588	43	"	"	PUNCT
easat-9654	588	44	financial	financial	ADJ
easat-9654	588	45	innovation	innovation	NOUN
easat-9654	588	46	,	,	PUNCT
easat-9654	588	47	vol	vol	NOUN
easat-9654	588	48	.	.	PROPN
easat-9654	588	49	6	6	NUM
easat-9654	588	50	,	,	PUNCT
easat-9654	588	51	no	no	INTJ
easat-9654	588	52	.	.	NOUN
easat-9654	588	53	1	1	NUM
easat-9654	588	54	,	,	PUNCT
easat-9654	588	55	p.	p.	NOUN
easat-9654	588	56	51	51	NUM
easat-9654	588	57	,	,	PUNCT
easat-9654	588	58	2020	2020	NUM
easat-9654	588	59	.	.	PUNCT
easat-9654	589	1	[	[	X
easat-9654	589	2	67	67	NUM
easat-9654	589	3	]	]	X
easat-9654	589	4	e.	e.	PROPN
easat-9654	589	5	rahmawati	rahmawati	PROPN
easat-9654	589	6	,	,	PUNCT
easat-9654	589	7	m.	m.	NOUN
easat-9654	589	8	huda	huda	PROPN
easat-9654	589	9	,	,	PUNCT
easat-9654	589	10	and	and	CCONJ
easat-9654	589	11	i.	i.	PROPN
easat-9654	589	12	f.	f.	PROPN
easat-9654	589	13	aldhi	aldhi	PROPN
easat-9654	589	14	,	,	PUNCT
easat-9654	589	15	"	"	PUNCT
easat-9654	589	16	personal	personal	ADJ
easat-9654	589	17	data	data	NOUN
easat-9654	589	18	misuse	misuse	NOUN
easat-9654	589	19	in	in	ADP
easat-9654	589	20	fintech	fintech	NOUN
easat-9654	589	21	lending	lending	NOUN
easat-9654	589	22	providers	provider	NOUN
easat-9654	589	23	from	from	ADP
easat-9654	589	24	perspective	perspective	ADJ
easat-9654	589	25	indonesian	indonesian	ADJ
easat-9654	589	26	cyberlaw	cyberlaw	NOUN
easat-9654	589	27	,	,	PUNCT
easat-9654	589	28	"	"	PUNCT
easat-9654	589	29	airlangga	airlangga	PROPN
easat-9654	589	30	development	development	PROPN
easat-9654	589	31	journal	journal	PROPN
easat-9654	589	32	,	,	PUNCT
easat-9654	589	33	vol	vol	NOUN
easat-9654	589	34	.	.	PROPN
easat-9654	589	35	8	8	NUM
easat-9654	589	36	,	,	PUNCT
easat-9654	589	37	no	no	INTJ
easat-9654	589	38	.	.	NOUN
easat-9654	589	39	1	1	NUM
easat-9654	589	40	,	,	PUNCT
easat-9654	589	41	pp	pp	ADJ
easat-9654	589	42	.	.	PUNCT
easat-9654	589	43	8–20	8–20	NOUN
easat-9654	589	44	,	,	PUNCT
easat-9654	589	45	2024	2024	NUM
easat-9654	589	46	.	.	PUNCT
easat-9654	590	1	[	[	X
easat-9654	590	2	68	68	NUM
easat-9654	590	3	]	]	X
easat-9654	590	4	financial	financial	ADJ
easat-9654	590	5	services	service	NOUN
easat-9654	590	6	authority	authority	NOUN
easat-9654	590	7	,	,	PUNCT
easat-9654	590	8	"	"	PUNCT
easat-9654	590	9	regulation	regulation	NOUN
easat-9654	590	10	of	of	ADP
easat-9654	590	11	the	the	DET
easat-9654	590	12	financial	financial	ADJ
easat-9654	590	13	services	service	NOUN
easat-9654	590	14	authority	authority	NOUN
easat-9654	590	15	of	of	ADP
easat-9654	590	16	the	the	DET
easat-9654	590	17	republic	republic	NOUN
easat-9654	590	18	of	of	ADP
easat-9654	590	19	indonesia	indonesia	PROPN
easat-9654	590	20	number	number	NOUN
easat-9654	590	21	77	77	NUM
easat-9654	590	22	/	/	SYM
easat-9654	590	23	pojk.01/2016	pojk.01/2016	ADJ
easat-9654	590	24	concerning	concern	VERB
easat-9654	590	25	information	information	NOUN
easat-9654	590	26	technology	technology	NOUN
easat-9654	590	27	-	-	PUNCT
easat-9654	590	28	based	base	VERB
easat-9654	590	29	lending	lending	NOUN
easat-9654	590	30	services	service	NOUN
easat-9654	590	31	,	,	PUNCT
easat-9654	590	32	"	"	PUNCT
easat-9654	590	33	financial	financial	ADJ
easat-9654	590	34	services	service	NOUN
easat-9654	590	35	authority	authority	NOUN
easat-9654	590	36	,	,	PUNCT
easat-9654	590	37	2016	2016	NUM
easat-9654	590	38	.	.	PUNCT
easat-9654	591	1	[	[	X
easat-9654	591	2	69	69	NUM
easat-9654	591	3	]	]	X
easat-9654	591	4	kuajingshu	kuajingshu	NOUN
easat-9654	591	5	,	,	PUNCT
easat-9654	591	6	"	"	PUNCT
easat-9654	591	7	akulaku	akulaku	NOUN
easat-9654	591	8	,	,	PUNCT
easat-9654	591	9	"	"	PUNCT
easat-9654	591	10	2024	2024	NUM
easat-9654	591	11	.	.	PUNCT
easat-9654	592	1	http://www.kuajingshu.com/article-2088.html	http://www.kuajingshu.com/article-2088.html	NOUN
easat-9654	593	1	[	[	X
easat-9654	593	2	70	70	NUM
easat-9654	593	3	]	]	PUNCT
easat-9654	593	4	mintos	mintos	NUM
easat-9654	593	5	,	,	PUNCT
easat-9654	593	6	default	default	NOUN
easat-9654	593	7	and	and	CCONJ
easat-9654	593	8	suspension	suspension	NOUN
easat-9654	593	9	cases	case	NOUN
easat-9654	593	10	:	:	PUNCT
easat-9654	593	11	data	datum	NOUN
easat-9654	593	12	as	as	ADP
easat-9654	593	13	of	of	ADP
easat-9654	593	14	08.10.2020	08.10.2020	NOUN
easat-9654	593	15	.	.	PUNCT
easat-9654	594	1	riga	riga	PROPN
easat-9654	594	2	,	,	PUNCT
easat-9654	594	3	latvia	latvia	PROPN
easat-9654	594	4	:	:	PUNCT
easat-9654	594	5	company	company	NOUN
easat-9654	594	6	report	report	NOUN
easat-9654	594	7	,	,	PUNCT
easat-9654	594	8	2020	2020	NUM
easat-9654	594	9	.	.	PUNCT
easat-9654	595	1	[	[	X
easat-9654	595	2	71	71	NUM
easat-9654	595	3	]	]	X
easat-9654	595	4	akulaku	akulaku	PROPN
easat-9654	595	5	group	group	NOUN
easat-9654	595	6	,	,	PUNCT
easat-9654	595	7	"	"	PUNCT
easat-9654	595	8	akulaku	akulaku	PROPN
easat-9654	595	9	completes	complete	VERB
easat-9654	595	10	settlement	settlement	NOUN
easat-9654	595	11	of	of	ADP
easat-9654	595	12	outstanding	outstanding	ADJ
easat-9654	595	13	obligations	obligation	NOUN
easat-9654	595	14	to	to	ADP
easat-9654	595	15	mintos	mintos	PROPN
easat-9654	595	16	ahead	ahead	ADV
easat-9654	595	17	of	of	ADP
easat-9654	595	18	schedule	schedule	NOUN
easat-9654	595	19	,	,	PUNCT
easat-9654	595	20	"	"	PUNCT
easat-9654	595	21	akulaku	akulaku	PROPN
easat-9654	595	22	group	group	NOUN
easat-9654	595	23	,	,	PUNCT
easat-9654	595	24	2021	2021	NUM
easat-9654	595	25	.	.	PUNCT
easat-9654	595	26	https://www.linkedin.com/pulse/akulaku-completes-settlement-outstanding-obligations-mintos-ahead?trk=public_post	https://www.linkedin.com/pulse/akulaku-completes-settlement-outstanding-obligations-mintos-ahead?trk=public_post	VERB
easat-9654	596	1	[	[	X
easat-9654	596	2	72	72	NUM
easat-9654	596	3	]	]	X
easat-9654	596	4	syifa	syifa	NOUN
easat-9654	596	5	,	,	PUNCT
easat-9654	596	6	"	"	PUNCT
easat-9654	596	7	indonesia	indonesia	PROPN
easat-9654	596	8	's	's	PART
easat-9654	596	9	ojk	ojk	NOUN
easat-9654	596	10	limits	limit	VERB
easat-9654	596	11	the	the	DET
easat-9654	596	12	akulaku	akulaku	PROPN
easat-9654	596	13	paylater	paylater	NOUN
easat-9654	596	14	provision	provision	NOUN
easat-9654	596	15	,	,	PUNCT
easat-9654	596	16	"	"	PUNCT
easat-9654	596	17	heaptalk	heaptalk	ADJ
easat-9654	596	18	,	,	PUNCT
easat-9654	596	19	2023	2023	NUM
easat-9654	596	20	.	.	PUNCT
easat-9654	597	1	https://heaptalk.com/news/indonesiasojk-limits-the-akulaku-paylater-provision/	https://heaptalk.com/news/indonesiasojk-limits-the-akulaku-paylater-provision/	NOUN
easat-9654	598	1	[	[	X
easat-9654	598	2	73	73	NUM
easat-9654	598	3	]	]	PUNCT
easat-9654	598	4	l.	l.	PROPN
easat-9654	598	5	arman	arman	PROPN
easat-9654	598	6	,	,	PUNCT
easat-9654	598	7	"	"	PUNCT
easat-9654	598	8	in	in	ADP
easat-9654	598	9	indonesia	indonesia	PROPN
easat-9654	598	10	,	,	PUNCT
easat-9654	598	11	a	a	DET
easat-9654	598	12	rising	rise	VERB
easat-9654	598	13	tide	tide	NOUN
easat-9654	598	14	of	of	ADP
easat-9654	598	15	religious	religious	ADJ
easat-9654	598	16	intolerance	intolerance	NOUN
easat-9654	598	17	,	,	PUNCT
easat-9654	598	18	"	"	PUNCT
easat-9654	598	19	the	the	DET
easat-9654	598	20	diplomat	diplomat	NOUN
easat-9654	598	21	,	,	PUNCT
easat-9654	598	22	2022	2022	NUM
easat-9654	598	23	.	.	PUNCT
easat-9654	599	1	https://thediplomat.com/2022/10/in-indonesia-a-rising-tide-of-religious-intolerance/	https://thediplomat.com/2022/10/in-indonesia-a-rising-tide-of-religious-intolerance/	X
easat-9654	600	1	[	[	X
easat-9654	600	2	74	74	NUM
easat-9654	600	3	]	]	PUNCT
easat-9654	600	4	tookitaki	tookitaki	NOUN
easat-9654	600	5	,	,	PUNCT
easat-9654	600	6	"	"	PUNCT
easat-9654	600	7	indonesia	indonesia	PROPN
easat-9654	600	8	’s	’s	PART
easat-9654	600	9	fintech	fintech	NOUN
easat-9654	600	10	industry	industry	NOUN
easat-9654	600	11	:	:	PUNCT
easat-9654	600	12	aml	aml	NOUN
easat-9654	600	13	challenges	challenge	NOUN
easat-9654	600	14	and	and	CCONJ
easat-9654	600	15	technology	technology	NOUN
easat-9654	600	16	solutions	solution	NOUN
easat-9654	600	17	,	,	PUNCT
easat-9654	600	18	"	"	PUNCT
easat-9654	600	19	tookitaki	tookitaki	ADJ
easat-9654	600	20	compliance	compliance	NOUN
easat-9654	600	21	hub	hub	NOUN
easat-9654	600	22	,	,	PUNCT
easat-9654	600	23	2023	2023	NUM
easat-9654	600	24	.	.	PUNCT
easat-9654	601	1	https://www.tookitaki.com/compliance-hub/enhancing-aml-compliance-indonesia-fintech	https://www.tookitaki.com/compliance-hub/enhancing-aml-compliance-indonesia-fintech	NOUN
easat-9654	602	1	[	[	X
easat-9654	602	2	75	75	NUM
easat-9654	602	3	]	]	PUNCT
easat-9654	602	4	y.	y.	PROPN
easat-9654	602	5	liu	liu	PROPN
easat-9654	602	6	,	,	PUNCT
easat-9654	602	7	"	"	PUNCT
easat-9654	602	8	construction	construction	NOUN
easat-9654	602	9	of	of	ADP
easat-9654	602	10	china	china	PROPN
easat-9654	602	11	’s	’s	PART
easat-9654	602	12	resale	resale	NOUN
easat-9654	602	13	right	right	ADJ
easat-9654	602	14	system	system	NOUN
easat-9654	602	15	under	under	ADP
easat-9654	602	16	blockchain	blockchain	PROPN
easat-9654	602	17	technology	technology	PROPN
easat-9654	602	18	,	,	PUNCT
easat-9654	602	19	"	"	PUNCT
easat-9654	602	20	communication	communication	NOUN
easat-9654	602	21	and	and	CCONJ
easat-9654	602	22	copyright	copyright	NOUN
easat-9654	602	23	,	,	PUNCT
easat-9654	602	24	vol	vol	NOUN
easat-9654	602	25	.	.	PROPN
easat-9654	602	26	15	15	NUM
easat-9654	602	27	,	,	PUNCT
easat-9654	602	28	pp	pp	ADJ
easat-9654	602	29	.	.	PUNCT
easat-9654	603	1	101–105	101–105	NUM
easat-9654	603	2	,	,	PUNCT
easat-9654	603	3	2024	2024	NUM
easat-9654	603	4	.	.	PUNCT
easat-9654	604	1	[	[	X
easat-9654	604	2	76	76	NUM
easat-9654	604	3	]	]	X
easat-9654	604	4	h.	h.	PROPN
easat-9654	604	5	eren	eren	PROPN
easat-9654	604	6	,	,	PUNCT
easat-9654	604	7	ö.	ö.	PROPN
easat-9654	604	8	karaduman	karaduman	PROPN
easat-9654	604	9	,	,	PUNCT
easat-9654	604	10	and	and	CCONJ
easat-9654	604	11	m.	m.	NOUN
easat-9654	604	12	t.	t.	PROPN
easat-9654	604	13	gençoğlu	gençoğlu	PROPN
easat-9654	604	14	,	,	PUNCT
easat-9654	604	15	"	"	PUNCT
easat-9654	604	16	security	security	NOUN
easat-9654	604	17	challenges	challenge	NOUN
easat-9654	604	18	and	and	CCONJ
easat-9654	604	19	performance	performance	NOUN
easat-9654	604	20	trade	trade	NOUN
easat-9654	604	21	-	-	PUNCT
easat-9654	604	22	offs	off	NOUN
easat-9654	604	23	in	in	ADP
easat-9654	604	24	on	on	ADP
easat-9654	604	25	-	-	PUNCT
easat-9654	604	26	chain	chain	NOUN
easat-9654	604	27	and	and	CCONJ
easat-9654	604	28	offchain	offchain	PROPN
easat-9654	604	29	blockchain	blockchain	PROPN
easat-9654	604	30	storage	storage	NOUN
easat-9654	604	31	:	:	PUNCT
easat-9654	604	32	a	a	DET
easat-9654	604	33	comprehensive	comprehensive	ADJ
easat-9654	604	34	review	review	NOUN
easat-9654	604	35	,	,	PUNCT
easat-9654	604	36	"	"	PUNCT
easat-9654	604	37	applied	apply	VERB
easat-9654	604	38	sciences	science	NOUN
easat-9654	604	39	,	,	PUNCT
easat-9654	604	40	vol	vol	NOUN
easat-9654	604	41	.	.	PROPN
easat-9654	604	42	15	15	NUM
easat-9654	604	43	,	,	PUNCT
easat-9654	604	44	no	no	INTJ
easat-9654	604	45	.	.	NOUN
easat-9654	604	46	6	6	NUM
easat-9654	604	47	,	,	PUNCT
easat-9654	604	48	p.	p.	NOUN
easat-9654	604	49	3225	3225	NUM
easat-9654	604	50	,	,	PUNCT
easat-9654	604	51	2025	2025	NUM
easat-9654	604	52	.	.	PUNCT
easat-9654	605	1	[	[	X
easat-9654	605	2	77	77	NUM
easat-9654	605	3	]	]	PUNCT
easat-9654	605	4	m.	m.	NOUN
easat-9654	605	5	m.	m.	NOUN
easat-9654	605	6	merlec	merlec	PROPN
easat-9654	605	7	,	,	PUNCT
easat-9654	605	8	y.	y.	PROPN
easat-9654	605	9	k.	k.	PROPN
easat-9654	605	10	lee	lee	PROPN
easat-9654	605	11	,	,	PUNCT
easat-9654	605	12	s.-p	s.-p	PROPN
easat-9654	605	13	.	.	PUNCT
easat-9654	606	1	hong	hong	PROPN
easat-9654	606	2	,	,	PUNCT
easat-9654	606	3	and	and	CCONJ
easat-9654	606	4	h.	h.	PROPN
easat-9654	606	5	p.	p.	PROPN
easat-9654	606	6	in	in	ADP
easat-9654	606	7	,	,	PUNCT
easat-9654	606	8	"	"	PUNCT
easat-9654	606	9	a	a	DET
easat-9654	606	10	smart	smart	ADJ
easat-9654	606	11	contract	contract	NOUN
easat-9654	606	12	-	-	PUNCT
easat-9654	606	13	based	base	VERB
easat-9654	606	14	dynamic	dynamic	ADJ
easat-9654	606	15	consent	consent	NOUN
easat-9654	606	16	management	management	NOUN
easat-9654	606	17	system	system	NOUN
easat-9654	606	18	for	for	ADP
easat-9654	606	19	personal	personal	ADJ
easat-9654	606	20	data	datum	NOUN
easat-9654	606	21	usage	usage	NOUN
easat-9654	606	22	under	under	ADP
easat-9654	606	23	gdpr	gdpr	NOUN
easat-9654	606	24	,	,	PUNCT
easat-9654	606	25	"	"	PUNCT
easat-9654	606	26	sensors	sensor	NOUN
easat-9654	606	27	,	,	PUNCT
easat-9654	606	28	vol	vol	NOUN
easat-9654	606	29	.	.	PROPN
easat-9654	606	30	21	21	NUM
easat-9654	606	31	,	,	PUNCT
easat-9654	606	32	no	no	INTJ
easat-9654	606	33	.	.	NOUN
easat-9654	606	34	23	23	NUM
easat-9654	606	35	,	,	PUNCT
easat-9654	606	36	p.	p.	NOUN
easat-9654	606	37	7994	7994	NUM
easat-9654	606	38	,	,	PUNCT
easat-9654	606	39	2021	2021	NUM
easat-9654	606	40	.	.	PUNCT
easat-9654	607	1	[	[	X
easat-9654	607	2	78	78	NUM
easat-9654	607	3	]	]	X
easat-9654	607	4	n.	n.	PROPN
easat-9654	607	5	sheng	sheng	PROPN
easat-9654	607	6	,	,	PUNCT
easat-9654	607	7	f.	f.	PROPN
easat-9654	607	8	li	li	PROPN
easat-9654	607	9	,	,	PUNCT
easat-9654	607	10	x.	x.	PROPN
easat-9654	607	11	li	li	PROPN
easat-9654	607	12	,	,	PUNCT
easat-9654	607	13	h.	h.	PROPN
easat-9654	607	14	zhao	zhao	PROPN
easat-9654	607	15	,	,	PUNCT
easat-9654	607	16	and	and	CCONJ
easat-9654	607	17	t.	t.	PROPN
easat-9654	607	18	zhou	zhou	PROPN
easat-9654	607	19	,	,	PUNCT
easat-9654	607	20	"	"	PUNCT
easat-9654	607	21	data	data	NOUN
easat-9654	607	22	capitalization	capitalization	NOUN
easat-9654	607	23	method	method	NOUN
easat-9654	607	24	based	base	VERB
easat-9654	607	25	on	on	ADP
easat-9654	607	26	blockchain	blockchain	PROPN
easat-9654	607	27	smart	smart	ADJ
easat-9654	607	28	contract	contract	NOUN
easat-9654	607	29	for	for	ADP
easat-9654	607	30	internet	internet	NOUN
easat-9654	607	31	of	of	ADP
easat-9654	607	32	things	thing	NOUN
easat-9654	607	33	,	,	PUNCT
easat-9654	607	34	"	"	PUNCT
easat-9654	607	35	journal	journal	NOUN
easat-9654	607	36	of	of	ADP
easat-9654	607	37	zhejiang	zhejiang	PROPN
easat-9654	607	38	university	university	PROPN
easat-9654	607	39	engineering	engineering	NOUN
easat-9654	607	40	science	science	NOUN
easat-9654	607	41	,	,	PUNCT
easat-9654	607	42	vol	vol	NOUN
easat-9654	607	43	.	.	PROPN
easat-9654	607	44	52	52	NUM
easat-9654	607	45	,	,	PUNCT
easat-9654	607	46	no	no	INTJ
easat-9654	607	47	.	.	NOUN
easat-9654	607	48	11	11	NUM
easat-9654	607	49	,	,	PUNCT
easat-9654	607	50	pp	pp	ADJ
easat-9654	607	51	.	.	PUNCT
easat-9654	608	1	2150	2150	NUM
easat-9654	608	2	-	-	SYM
easat-9654	608	3	2153	2153	NUM
easat-9654	608	4	,	,	PUNCT
easat-9654	608	5	2018	2018	NUM
easat-9654	608	6	.	.	PUNCT
easat-9654	609	1	[	[	X
easat-9654	609	2	79	79	NUM
easat-9654	609	3	]	]	X
easat-9654	609	4	h.	h.	PROPN
easat-9654	609	5	yuan	yuan	PROPN
easat-9654	609	6	,	,	PUNCT
easat-9654	609	7	"	"	PUNCT
easat-9654	609	8	the	the	DET
easat-9654	609	9	future	future	NOUN
easat-9654	609	10	is	be	AUX
easat-9654	609	11	here	here	ADV
easat-9654	609	12	:	:	PUNCT
easat-9654	609	13	asia	asia	PROPN
easat-9654	609	14	as	as	ADP
easat-9654	609	15	fertile	fertile	ADJ
easat-9654	609	16	ground	ground	NOUN
easat-9654	609	17	for	for	ADP
easat-9654	609	18	central	central	ADJ
easat-9654	609	19	bank	bank	NOUN
easat-9654	609	20	digital	digital	ADJ
easat-9654	609	21	currencies	currency	NOUN
easat-9654	609	22	,	,	PUNCT
easat-9654	609	23	"	"	PUNCT
easat-9654	609	24	36kr	36kr	ADJ
easat-9654	609	25	global	global	ADJ
easat-9654	609	26	,	,	PUNCT
easat-9654	609	27	2021	2021	NUM
easat-9654	609	28	.	.	PUNCT
easat-9654	610	1	https://www.peopleapp.com/rmharticle/30023449197	https://www.peopleapp.com/rmharticle/30023449197	PROPN
easat-9654	611	1	[	[	X
easat-9654	611	2	80	80	NUM
easat-9654	611	3	]	]	X
easat-9654	611	4	n.	n.	PROPN
easat-9654	611	5	jiang	jiang	PROPN
easat-9654	611	6	,	,	PUNCT
easat-9654	611	7	o.	o.	PROPN
easat-9654	611	8	koltko	koltko	PROPN
easat-9654	611	9	,	,	PUNCT
easat-9654	611	10	é	é	PROPN
easat-9654	611	11	.	.	PUNCT
easat-9654	611	12	chávez	chávez	PROPN
easat-9654	611	13	,	,	PUNCT
easat-9654	611	14	k.	k.	PROPN
easat-9654	611	15	koch‑saldarriaga	koch‑saldarriaga	PROPN
easat-9654	611	16	,	,	PUNCT
easat-9654	611	17	and	and	CCONJ
easat-9654	611	18	m.	m.	PROPN
easat-9654	611	19	quesada	quesada	PROPN
easat-9654	611	20	,	,	PUNCT
easat-9654	611	21	improving	improve	VERB
easat-9654	611	22	access	access	NOUN
easat-9654	611	23	to	to	ADP
easat-9654	611	24	finance	finance	NOUN
easat-9654	611	25	for	for	ADP
easat-9654	611	26	smes	sme	NOUN
easat-9654	611	27	:	:	PUNCT
easat-9654	611	28	opportunities	opportunity	NOUN
easat-9654	611	29	through	through	ADP
easat-9654	611	30	credit	credit	NOUN
easat-9654	611	31	reporting	reporting	NOUN
easat-9654	611	32	,	,	PUNCT
easat-9654	611	33	secured	secured	ADJ
easat-9654	611	34	lending	lending	NOUN
easat-9654	611	35	and	and	CCONJ
easat-9654	611	36	insolvency	insolvency	NOUN
easat-9654	611	37	practices	practice	NOUN
easat-9654	611	38	.	.	PUNCT
easat-9654	612	1	washington	washington	PROPN
easat-9654	612	2	,	,	PUNCT
easat-9654	612	3	d.c	d.c	PROPN
easat-9654	612	4	:	:	PUNCT
easat-9654	612	5	world	world	PROPN
easat-9654	612	6	bank	bank	PROPN
easat-9654	612	7	group	group	NOUN
easat-9654	612	8	,	,	PUNCT
easat-9654	612	9	2018	2018	NUM
easat-9654	612	10	.	.	PUNCT
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easat-9654	613	2	81	81	NUM
easat-9654	613	3	]	]	X
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easat-9654	613	5	academy	academy	NOUN
easat-9654	613	6	of	of	ADP
easat-9654	613	7	social	social	ADJ
easat-9654	613	8	sciences	science	NOUN
easat-9654	613	9	,	,	PUNCT
easat-9654	613	10	"	"	PUNCT
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easat-9654	613	12	trends	trend	NOUN
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easat-9654	613	14	the	the	DET
easat-9654	613	15	development	development	NOUN
easat-9654	613	16	of	of	ADP
easat-9654	613	17	indonesia	indonesia	PROPN
easat-9654	613	18	's	's	PART
easat-9654	613	19	digital	digital	ADJ
easat-9654	613	20	economy	economy	NOUN
easat-9654	613	21	and	and	CCONJ
easat-9654	613	22	prospects	prospect	NOUN
easat-9654	613	23	for	for	ADP
easat-9654	613	24	china	china	PROPN
easat-9654	613	25	-	-	PUNCT
easat-9654	613	26	indonesia	indonesia	PROPN
easat-9654	613	27	digital	digital	PROPN
easat-9654	613	28	economic	economic	ADJ
easat-9654	613	29	cooperation	cooperation	NOUN
easat-9654	613	30	,	,	PUNCT
easat-9654	613	31	"	"	PUNCT
easat-9654	613	32	fujian	fujian	PROPN
easat-9654	613	33	normal	normal	ADJ
easat-9654	613	34	university	university	NOUN
easat-9654	613	35	,	,	PUNCT
easat-9654	613	36	school	school	NOUN
easat-9654	613	37	of	of	ADP
easat-9654	613	38	economics	economic	NOUN
easat-9654	613	39	,	,	PUNCT
easat-9654	613	40	2024	2024	NUM
easat-9654	613	41	.	.	PUNCT
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easat-9654	614	5	https://culturalatlas.sbs.com.au/indonesian-culture/indonesian-culture-naming	https://culturalatlas.sbs.com.au/indonesian-culture/indonesian-culture-name	VERB
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easat-9654	615	1	https://www.linkedin.com/pulse/akulaku-completes-settlement-outstanding-obligations-mintos-ahead-?trk=public_post	https://www.linkedin.com/pulse/akulaku-completes-settlement-outstanding-obligations-mintos-ahead-?trk=public_post	VERB
easat-9654	615	2	https://heaptalk.com/news/indonesias-ojk-limits-the-akulaku-paylater-provision/	https://heaptalk.com/news/indonesias-ojk-limits-the-akulaku-paylater-provision/	PROPN
easat-9654	615	3	https://heaptalk.com/news/indonesias-ojk-limits-the-akulaku-paylater-provision/	https://heaptalk.com/news/indonesias-ojk-limits-the-akulaku-paylater-provision/	PROPN
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easat-9654	615	8	1579	1579	NUM
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easat-9654	616	2	,	,	PUNCT
easat-9654	616	3	no	no	INTJ
easat-9654	616	4	.	.	NOUN
easat-9654	616	5	8	8	NUM
easat-9654	616	6	:	:	SYM
easat-9654	616	7	1558	1558	NUM
easat-9654	616	8	-	-	SYM
easat-9654	616	9	1579	1579	NUM
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easat-9654	618	2	2024	2024	NUM
easat-9654	618	3	,	,	PUNCT
easat-9654	618	4	"	"	PUNCT
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easat-9654	618	9	binsar	binsar	VERB
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easat-9654	618	12	-	-	NOUN
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easat-9654	618	18	the	the	DET
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easat-9654	618	20	-	-	PUNCT
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easat-9654	618	27	mechanism	mechanism	NOUN
easat-9654	618	28	,	,	PUNCT
easat-9654	618	29	"	"	PUNCT
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easat-9654	618	32	foreign	foreign	PROPN
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easat-9654	620	7	"	"	PUNCT
easat-9654	620	8	fintech	fintech	NOUN
easat-9654	620	9	:	:	PUNCT
easat-9654	620	10	a	a	DET
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easat-9654	620	12	review	review	NOUN
easat-9654	620	13	,	,	PUNCT
easat-9654	620	14	"	"	PUNCT
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easat-9654	620	16	research	research	PROPN
easat-9654	620	17	studies	study	NOUN
easat-9654	620	18	journal	journal	NOUN
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easat-9654	621	2	-	-	NUM
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easat-9654	621	4	,	,	PUNCT
easat-9654	621	5	2021	2021	NUM
easat-9654	621	6	.	.	PUNCT
easat-9654	622	1	[	[	X
easat-9654	622	2	84	84	NUM
easat-9654	622	3	]	]	PUNCT
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easat-9654	622	8	"	"	PUNCT
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easat-9654	622	10	signing	signing	NOUN
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easat-9654	622	12	the	the	DET
easat-9654	622	13	overseas	overseas	ADJ
easat-9654	622	14	“	"	PUNCT
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easat-9654	622	16	factory	factory	NOUN
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easat-9654	622	20	by	by	ADP
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easat-9654	622	22	polytechnic	polytechnic	PROPN
easat-9654	622	23	college	college	NOUN
easat-9654	622	24	,	,	PUNCT
easat-9654	622	25	"	"	PUNCT
easat-9654	622	26	sany	sany	NOUN
easat-9654	622	27	polytechnic	polytechnic	PROPN
easat-9654	622	28	college	college	NOUN
easat-9654	622	29	,	,	PUNCT
easat-9654	622	30	2023	2023	NUM
easat-9654	622	31	.	.	PUNCT
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